Lexmark International Upgraded to Equal Weight at Barclays Capital (LXK)
Barclays Capital upgraded shares of Lexmark International (NYSE: LXK) from an underweight rating to an equal weight rating in a research report sent to investors on Monday morning. The firm currently has $21.00 price target on the stock.
Lexmark International traded up 1.90% on Monday, hitting $23.07. Lexmark International has a 1-year low of $16.10 and a 1-year high of $36.70. The stock’s 50-day moving average is currently $24.40. The company has a market cap of $1.457 billion and a price-to-earnings ratio of 14.80.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Stockholders of record on Monday, March 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend is Thursday, February 28th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup reiterated a sell rating on shares of Lexmark International in a research note to investors on Wednesday, January 30th. They now have a $21.00 price target on the stock, up previously from $19.00. Separately, analysts at Zacks reiterated a neutral rating on shares of Lexmark International in a research note to investors on Wednesday, January 30th. They now have a $25.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Lexmark International from a hold rating to a buy rating in a research note to investors on Monday, January 28th.
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