Lexmark International Inc. (NYSE:LXK) shares traded down 0.9% during mid-day trading on Monday . The company traded as low as $34.69 and last traded at $34.72, with a volume of 172,601 shares changing hands. The stock had previously closed at $35.02.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Lexmark International from a “hold” rating to a “strong sell” rating in a report on Monday, August 8th. Standpoint Research downgraded Lexmark International from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Credit Suisse Group AG restated a “hold” rating on shares of Lexmark International in a report on Thursday, April 28th. Finally, Morgan Stanley upgraded Lexmark International from an “underweight” rating to an “equal weight” rating and set a $40.50 price target on the stock in a report on Friday, April 22nd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Lexmark International currently has an average rating of “Hold” and an average price target of $34.70.

The stock’s market cap is $2.18 billion. The firm has a 50-day moving average price of $36.92 and a 200-day moving average price of $34.77.

Lexmark International (NYSE:LXK) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06. During the same period in the previous year, the business posted $0.97 EPS. The business earned $865 million during the quarter, compared to the consensus estimate of $855.23 million. Analysts expect that Lexmark International Inc. will post $2.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.14%.

A hedge fund recently raised its stake in Lexmark International stock. GSA Capital Partners LLP raised its position in shares of Lexmark International Inc. (NYSE:LXK) by 124.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,026 shares of the company’s stock after buying an additional 17,186 shares during the period. GSA Capital Partners LLP owned 0.05% of Lexmark International worth $1,007,000 as of its most recent filing with the SEC.

Lexmark International, Inc is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Company operates through two segments: Imaging Solutions and Services (ISS) and Enterprise Software.

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