Lexmark International (NYSE:LXK) : 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Lexmark International (NYSE:LXK). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 2 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Standpoint Research downgrades its rating on Lexmark International (NYSE:LXK). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 20, 2016.
Lexmark International (NYSE:LXK): stock turned positive on Tuesday. Though the stock opened at $37.64, the bulls momentum made the stock top out at $37.72 level for the day. The stock recorded a low of $37.32 and closed the trading day at $37.43, in the green by 0.08%. The total traded volume for the day was 1,049,464. The stock had closed at $37.4 in the previous days trading.
In an insider trading activity, Hardis Stephen R, director of Lexmark International Inc /Ky/, executed a transaction worth $24,930 on January 4, 2016. A total of 797 shares were purchased at an average price of $31.28. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Lexmark International Inc. (Lexmark) 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 in two segments: Imaging Solutions and Services (ISS) and Perceptive Software. It serves both the distributed printing and imaging, and content and process management markets with a focus on business customers. Lexmarks enterprise content and process management software platform supports traditional business content, as well as media and industry-specific content, such as medical image content and includes enterprise search, intelligent capture, document output management (DOM) and business process and case management. Lexmarks healthcare offering includes an industry content repository and vendor neutral archive (VNA) that integrates all patient unstructured information across the enterprise to enable access.