Lexmark International Given Average Recommendation of “Hold” by Analysts (NYSE:LXK)
Lexmark International (NYSE:LXK) has been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the company, ARN reports. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $44.80.
Several analysts have recently commented on the stock. 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.
Shares of Lexmark International (NYSE:LXK) opened at 50.36 on Wednesday. Lexmark International has a 52 week low of $32.57 and a 52 week high of $51.77. The stock has a 50-day moving average of $48.80 and a 200-day moving average of $45.10. The company has a market cap of $3.128 billion and a price-to-earnings ratio of 16.58.
Lexmark International (NYSE:LXK) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.99 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. 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. Shareholders 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 2.86%. 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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