Stock of The Day: What’s in Lexmark International Inc After Achieving 52-Week High?

Stock of The Day: What's in Lexmark International Inc After Achieving 52 Week High?

The stock of Lexmark International Inc (NYSE:LXK) hit a new 52-week high and has $55.93 target or 39.00% above today’s $40.24 share price. The 7 months bullish chart indicates low risk for the $2.53 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $55.93 price target is reached, the company will be worth $986.70 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 563,135 shares traded hands. Lexmark International Inc (NYSE:LXK) has risen 17.20% since April 15, 2016 and is uptrending. It has outperformed by 12.58% the S&P500.

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. As per Thursday, February 18, the company rating was upgraded by Credit Suisse. The firm has “Hold” rating given on Friday, October 23 by Standpoint Research. The rating was upgraded by Standpoint Research on Wednesday, August 26 to “Hold”. Bernstein upgraded the shares of LXK in a report on Wednesday, August 5 to “Market Perform” rating. On Wednesday, October 7 the stock rating was upgraded by Citigroup to “Neutral”. Standpoint Research downgraded the stock to “Hold” rating in Wednesday, April 20 report. Standpoint Research upgraded the stock to “Buy” rating in Thursday, January 7 report.

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 Q2 2016. 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.
Sei Invs Commerce, a Pennsylvania-based fund reported 37,667 shares. The Wisconsin-based Legacy Private Tru has invested 0.03% in Lexmark International Inc (NYSE:LXK). Teachers holds 145,142 shares or 0.01% of its portfolio. The Delaware-based Dupont Mgmt has invested 0.01% in Lexmark International Inc (NYSE:LXK). Weaver C Barksdale And Assoc owns 429 shares or 0.03% of their US portfolio. Moreover, Coastland Capital Lc has 1.17% invested in Lexmark International Inc (NYSE:LXK) for 761,686 shares. Legal & General Grp Public Llc has 59,853 shares for 0% of their US portfolio. Moreover, Ameriprise Incorporated has 0% invested in Lexmark International Inc (NYSE:LXK) for 188,260 shares. Blackrock Grp Incorporated Limited last reported 0% of its portfolio in the stock. Cowen has 395,034 shares for 1.01% of their US portfolio. Vanguard Gp owns 4.58M shares or 0.01% of their US portfolio. Highbridge Cap Mgmt Llc has 0.25% invested in the company for 400,000 shares. Louisiana State Employees Retirement Sys last reported 0.03% of its portfolio in the stock. Northern Corp last reported 0.01% of its portfolio in the stock. The Illinois-based Envestnet Asset has invested 0% in Lexmark International Inc (NYSE:LXK).

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, Fool.com published: “Why Lexmark International Inc. Shares Jumped” on April 20, 2016. More interesting news about Lexmark International Inc (NYSE:LXK) were released by: Prnewswire.com and their article: “Lexmark reports third quarter results” published on October 28, 2016 as well as Natlawreview.com‘s news article titled: “CFIUS Clearance: Consortium led by Apex Technology and Lexmark International Inc.” with publication date: October 04, 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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