The stock of Lexmark International Inc (NYSE:LXK) is a huge mover today! About 7.50 million shares traded hands or 1106.29% up from the average. Lexmark International Inc (NYSE:LXK) has risen 16.67% since February 26, 2016 and is uptrending. It has outperformed by 6.25% the S&P500.
The move comes after 6 months positive chart setup for the $2.48B company. It was reported on Sep, 30 by Barchart.com. We have $50.71 PT which if reached, will make NYSE:LXK worth $669.60 million more.
Analysts await Lexmark International Inc (NYSE:LXK) to report earnings on October, 25.
Lexmark International Inc (NYSE:LXK) Ratings Coverage
Out of 4 analysts covering Lexmark International Inc. (NYSE:LXK), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Lexmark International Inc. has been the topic of 8 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Bernstein on Wednesday, August 5. The firm earned “Hold” rating on Wednesday, April 20 by Standpoint Research. The stock of Lexmark International Inc (NYSE:LXK) earned “Hold” rating by Standpoint Research on Friday, October 23. The company was upgraded on Wednesday, August 26 by Standpoint Research. Credit Suisse upgraded Lexmark International Inc (NYSE:LXK) on Thursday, February 18 to “Neutral” rating. The firm earned “Neutral” rating on Wednesday, October 7 by Citigroup. Standpoint Research upgraded Lexmark International Inc (NYSE:LXK) on Thursday, January 7 to “Buy” rating.
According to Zacks Investment Research, “Lexmark International, Inc. makes it easier for businesses and consumers to move information between the digital and paper worlds. In doing so, they are guided by a simple vision: Customers For Life. To earn its customers’ loyalty, they listen to them, anticipate their needs and act to create value in their eyes.”
Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.19, from 1.02 in 2016Q1. The ratio improved, as 48 funds sold all Lexmark International Inc shares owned while 55 reduced positions. 50 funds bought stakes while 75 increased positions. They now own 51.48 million shares or 3.46% less from 53.33 million shares in 2016Q1.
Brandywine Global Mgmt Limited has invested 0.07% of its portfolio in Lexmark International Inc (NYSE:LXK). Taconic Cap Advisors Ltd Partnership has 0.87% invested in the company for 150,000 shares. Centurylink Mgmt has invested 0.38% of its portfolio in Lexmark International Inc (NYSE:LXK). Wolverine Asset Mngmt Ltd Limited Liability Company has 0.08% invested in the company for 133,492 shares. Ent Fincl Services accumulated 63 shares or 0% of the stock. Cubist Systematic Strategies Ltd Liability Corporation has invested 0.02% of its portfolio in Lexmark International Inc (NYSE:LXK). The Ontario – Canada-based Retail Bank Of Montreal Can has invested 0% in Lexmark International Inc (NYSE:LXK). Mutual Of America Capital Mngmt Ltd Liability Com has 0.04% invested in the company for 46,062 shares. Manufacturers Life Ins The accumulated 0% or 84,573 shares. California Public Employees Retirement Systems, a California-based fund reported 265,574 shares. Guggenheim Capital Ltd Liability accumulated 91,235 shares or 0.01% of the stock. Moreover, Vanguard Gru has 0.01% invested in Lexmark International Inc (NYSE:LXK) for 4.58 million shares. Ls Investment Advisors Limited Liability Corporation has 0.01% invested in the company for 3,761 shares. Robeco Institutional Asset Mngmt Bv has invested 0.02% of its portfolio in Lexmark International Inc (NYSE:LXK). Cowen Gp holds 1.01% or 395,034 shares in its portfolio.
More notable recent Lexmark International Inc (NYSE:LXK) news were published by: Fool.com which released: “Lexmark International Inc. Stock Jumps as Buyout Looks Close” on September 30, 2016, also Forbes.com with their article: “Lexmark International is Oversold” published on September 27, 2016, Prnewswire.com published: “Lexmark positioned in Leaders category for fifth time” on September 23, 2016. More interesting news about Lexmark International Inc (NYSE:LXK) were released by: Fool.com and their article: “Why Lexmark International Inc. Shares Jumped” published on April 20, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: CBOE Holdings Incorporated, CenturyLink and Lexmark …” with publication date: August 29, 2016.
LXK Company Profile
Lexmark International, Inc., incorporated on May 25, 1990, is a developer, maker and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Firm operates through two divisions: Imaging Solutions and Services (ISS) and Enterprise Software. The Firm operates in the office printing and imaging, enterprise content management (ECM), business process management (BPM), document output management (DOM)/customer communications management (CCM), intelligent content capture and data extraction and enterprise search software markets. The Company’s products include laser printers and multifunction devices, dot matrix printers and the associated supplies/solutions/services. They also include an integrated suite of ECM, BPM and DOM/CCM that includes case management, electronic signature, process analytics, information and application integration, intelligent content capture and data extraction, enterprise search and medical imaging vendor neutral archive (VNA) software products and solutions. The Firm develops and owns the technology for its printing and imaging products and its software related to MPS and content and process management solutions.
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