Lexmark International Reaches New 1-Year High at $50.60 (LXK)
Lexmark International (NYSE:LXK)’s share price reached a new 52-week high during mid-day trading on Tuesday , AnalystRatings.Net reports. The stock traded as high as $50.60 and last traded at $50.31, with a volume of 297,810 shares changing hands. The stock had previously closed at $50.19.
A number of research firms have recently commented on LXK. Analysts at Zacks upgraded shares of Lexmark International from a “neutral” rating to an “outperform” rating in a research note on Monday, July 28th. They now have a $57.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Lexmark International from $42.00 to $51.00 in a research note on Wednesday, July 23rd. They now have an “equal weight” rating on the stock. Finally, analysts at Raymond James downgraded shares of Lexmark International from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 23rd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.80.
The stock’s 50-day moving average is $48.0 and its 200-day moving average is $44.29. The company has a market cap of $3.128 billion and a P/E ratio of 16.44.
Lexmark International (NYSE:LXK) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.93 by $0.06. The company had revenue of $892.00 million for the quarter, compared to the consensus estimate of $867.09 million. During the same quarter last year, the company posted $0.95 earnings per share. Lexmark International’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Lexmark International will post $4.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, September 13th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, August 27th.
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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