Lexmark International Inc. (NYSE:LXK) Receives $35.75 Average Target Price from Brokerages
Lexmark International Inc. (NYSE:LXK) has received an average recommendation of “Hold” from the six brokerages that are presently covering the company. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $35.75.
Separately, Zacks Investment Research cut Lexmark International from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 25th.
Lexmark International (NYSE:LXK) opened at 35.13 on Tuesday. Lexmark International has a 52 week low of $24.11 and a 52 week high of $38.89. The stock’s market capitalization is $2.21 billion. The stock has a 50 day moving average price of $35.70 and a 200 day moving average price of $36.15.
Lexmark International (NYSE:LXK) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06. Lexmark International had a positive return on equity of 15.79% and a negative net margin of 2.89%. The business earned $865 million during the quarter, compared to analysts’ expectations of $855.23 million. During the same period in the previous year, the firm posted $0.97 earnings per share. Equities analysts forecast that Lexmark International will post $2.38 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.44 annualized dividend and a yield of 4.10%. Lexmark International’s payout ratio is -89.44%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LXK. IFP Advisors Inc boosted its position in Lexmark International by 967.4% in the first quarter. IFP Advisors Inc now owns 3,042 shares of the company’s stock valued at $102,000 after buying an additional 2,757 shares in the last quarter. BOKF NA acquired a new position in Lexmark International during the second quarter valued at about $123,000. Tower Research Capital LLC TRC boosted its position in Lexmark International by 1,318.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,290 shares of the company’s stock valued at $124,000 after buying an additional 3,058 shares in the last quarter. Opera Trading Capital acquired a new position in Lexmark International during the second quarter valued at about $132,000. Finally, LS Investment Advisors LLC boosted its position in Lexmark International by 78.2% in the second quarter. LS Investment Advisors LLC now owns 3,761 shares of the company’s stock valued at $142,000 after buying an additional 1,651 shares in the last quarter. 84.36% of the stock is owned by hedge funds and other institutional investors.
About Lexmark International
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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