Lexmark International (LXK) : Analyst Rating Update

Lexmark International (LXK) : The consensus on Lexmark International (LXK) based on 2 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Lexmark International (NYSE:LXK): The stock opened at $37.57 on Wednesday but the bulls could not build on the opening and the stock topped out at $37.65 for the day. The stock traded down to $37.46 during the day, due to lack of any buying support eventually closed down at $37.47 with a loss of -0.61% for the day. The stock had closed at $37.70 on the previous day. The total traded volume was 672,957 shares.

Also, Equity Analysts at the Brokerage Firm, Standpoint Research, downgrades their rating on the shares of Lexmark International (NYSE:LXK). Standpoint Research has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 20, 2016. The company shares have dropped -13.63% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $47.69 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $37.62 and the 200 Day Moving Average price is recorded at $33.31.

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.

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