Lexmark, a Printer Supply Company, Receives Hold Rating from Analysts
October 20, 2015
The article on Dakota Financial News titled Lexmark International Given Average Recommendation of “Hold” by Brokerages (NYSE: LXK) piles on the bad news for Lexmark, a company best known for its printer supply services. It is a tough time to be in the printing business, and Lexmark has received numerous analyst ratings of “Hold” and “Sell.” The article details the trend,
“Lexmark International (NYSE:LXK) traded down 0.59% during trading on Wednesday, hitting $28.59. The company had a trading volume of 259,296 shares. Lexmark International has a one year low of $27.22 and a one year high of $47.69. The stock has a 50-day moving average of $30.27 and a 200 day moving average of $39.70. The company’s market capitalization is $1.76 billion…The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. “
Certainly not a vote of confidence in Lexmark, which owns both Brainware and ISYS Search Software. The article goes into some detail about the companies other work beyond printer supplies including enterprise content and process management software and healthcare archive with integration abilities for unstructured patient information. Perhaps these extras are saving the company from falling entirely into the “sell” category and maintaining at “Hold.”
Chelsea Kerwin, October 20, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
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