Stock Mover of The Day: After Touching 52-Week High, Is Lexmark International Inc’s Near-Term Analysis Positive?

Stock Mover of The Day: After Touching 52 Week High, Is Lexmark International Inc's Near Term Analysis Positive?

The stock of Lexmark International Inc (NYSE:LXK) hit a new 52-week high and has $43.72 target or 8.00% above today’s $40.48 share price. The 7 months bullish chart indicates low risk for the $2.54 billion company. The 1-year high was reported on Nov, 23 by If the $43.72 price target is reached, the company will be worth $203.20M 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 2.41M shares traded hands or 186.31% up from the average. Lexmark International Inc (NYSE:LXK) has risen 6.90% since April 21, 2016 and is uptrending. It has outperformed by 1.58% the S&P500.

Analysts await Lexmark International Inc (NYSE:LXK) to report earnings on February, 28. They expect $1.07 EPS, down 7.76% or $0.09 from last year’s $1.16 per share. LXK’s profit will be $67.14 million for 9.46 P/E if the $1.07 EPS becomes a reality. After $0.77 actual EPS reported by Lexmark International Inc for the previous quarter, Wall Street now forecasts 38.96% EPS growth.

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 of Lexmark International Inc (NYSE:LXK) earned “Neutral” rating by Citigroup on Wednesday, October 7. Credit Suisse upgraded it to “Neutral” rating and $31 target price in Thursday, February 18 report. On Wednesday, August 26 the stock rating was upgraded by Standpoint Research to “Hold”. The stock of Lexmark International Inc (NYSE:LXK) has “Buy” rating given on Thursday, January 7 by Standpoint Research. The rating was upgraded by Bernstein to “Market Perform” on Wednesday, August 5. The rating was downgraded by Standpoint Research on Wednesday, April 20 to “Hold”. The firm earned “Hold” rating on Friday, October 23 by Standpoint Research.

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 decreased to 1.1 in 2016 Q2. Its down 0.11, from 1.21 in 2016Q1. The ratio worsened, 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.
Cowen Gru Inc Inc owns 395,034 shares or 1.01% of their US portfolio. Principal reported 235,803 shares or 0.01% of all its holdings. Gamco Investors Et Al owns 41,200 shares or 0.01% of their US portfolio. Ionic Capital Mgmt Ltd Liability last reported 0.05% of its portfolio in the stock. Gabelli, a New York-based fund reported 201,020 shares. Advsrs Asset Management owns 241,126 shares or 0.15% of their US portfolio. Federated Pa has 37,533 shares for 0% of their US portfolio. Vertex One Asset Mgmt Inc has invested 0.7% of its portfolio in Lexmark International Inc (NYSE:LXK). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management accumulated 0.1% or 225,000 shares. Blackrock Invest Ltd Liability holds 0.01% or 183,826 shares in its portfolio. Barclays Plc accumulated 127,279 shares or 0.01% of the stock. Seven Eight Capital Ltd Liability Company owns 20,100 shares or 0.26% of their US portfolio. Financial Svcs Corp has invested 0% of its portfolio in Lexmark International Inc (NYSE:LXK). Iridian Asset Management Ltd Liability Co Ct, a Connecticut-based fund reported 1.20M shares. New York State Common Retirement Fund reported 188,560 shares or 0.01% of all its holdings.

More notable recent Lexmark International Inc (NYSE:LXK) news were published by: which released: “Lexmark International is Oversold” on September 27, 2016, also with their article: “Lexmark International Inc. Stock Jumps as Buyout Looks Close” published on September 30, 2016, published: “Why Lexmark International Inc. Shares Jumped” on April 20, 2016. More interesting news about Lexmark International Inc (NYSE:LXK) were released by: and their article: “Lexmark declares quarterly dividend” published on October 28, 2016 as well as‘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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