Lexmark International Sees Unusually Large Options Volume (LXK)
Shares of Lexmark International (NYSE:LXK) saw some unusual options trading on Tuesday. Stock traders acquired 13,353 call options on the stock, AR Network reports. This is an increase of approximately 662% compared to the typical daily volume of 1,752 call options.
LXK has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Lexmark International from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 23rd. Analysts at Barclays upgraded shares of Lexmark International from an “underweight” rating to an “equal weight” rating in a research note to investors on Friday, December 20th. They now have a $37.00 price target on the stock. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $29.50.
Lexmark International (NYSE:LXK) opened at 38.13 on Wednesday. Lexmark International has a 1-year low of $21.65 and a 1-year high of $41.45. The stock’s 50-day moving average is $35.13 and its 200-day moving average is $35.58. The company has a market cap of $2.368 billion and a P/E ratio of 14.20.
Lexmark International (NYSE:LXK) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.08. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $929.45 million. During the same quarter last year, the company posted $0.86 earnings per share. Lexmark International’s revenue was up 4.0% compared to the same quarter last year. Analysts expect that Lexmark International will post $3.88 EPS for the current fiscal year.
Lexmark International, Inc (NYSE:LXK) is a developer, manufacturer and supplier of printing, imaging, device management, managed print services, document workflow, and also provides business process and content management solutions.
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