Lexmark International Inc. (LXK) Sees Strong Trading Volume
Lexmark International Inc. (NYSE:LXK) saw unusually-strong trading volume on Tuesday . Approximately 470,396 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 467,218 shares.The stock last traded at $34.91 and had previously closed at $34.79.
Several equities research analysts recently issued reports on LXK shares. Morgan Stanley upgraded shares of Lexmark International from an “underweight” rating to an “equal weight” rating and set a $40.50 target price on the stock in a report on Friday, April 22nd. Zacks Investment Research cut shares of Lexmark International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 8th. Credit Suisse Group AG reiterated a “hold” rating on shares of Lexmark International in a research note on Thursday, April 28th. Finally, Standpoint Research cut shares of Lexmark International from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. 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 presently has a consensus rating of “Hold” and an average price target of $34.70.
The firm’s 50-day moving average price is $36.85 and its 200-day moving average price is $34.82. The stock’s market cap is $2.20 billion.
Lexmark International (NYSE:LXK) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $865 million for the quarter, compared to the consensus estimate of $855.23 million. During the same quarter last year, the firm earned $0.97 EPS. On average, equities analysts expect that Lexmark International Inc. will post $2.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.44 annualized dividend and a dividend yield of 4.11%.
An institutional investor recently raised its position in Lexmark International stock. BNP Paribas Arbitrage SA boosted its stake in Lexmark International Inc. (NYSE:LXK) by 60.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,646 shares of the company’s stock after buying an additional 16,121 shares during the period. BNP Paribas Arbitrage SA owned about 0.07% of Lexmark International worth $1,384,000 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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