Shares of Lexmark International Inc. (NYSE:LXK) saw strong trading volume on Tuesday . 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 analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Lexmark International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 8th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Lexmark International in a research note on Thursday, April 28th. Morgan Stanley raised shares of Lexmark International from an “underweight” rating to an “equal weight” rating and set a $40.50 price objective for the company in a research note on Friday, April 22nd. 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 research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Lexmark International currently has a consensus rating of “Hold” and a consensus target price of $34.70.

The company has a 50-day moving average price of $36.78 and a 200-day moving average price of $34.82. The company’s market capitalization is $2.20 billion.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Wednesday, August 31st.

A hedge fund recently raised its stake in Lexmark International stock. GSA Capital Partners LLP increased its position in shares of Lexmark International Inc. (NYSE:LXK) by 124.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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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