Goldman Sachs Resumes Coverage on Lexmark International at "Sell" (LXK)

Goldman Sachs Resumes Coverage on Lexmark International at “Sell” (LXK)


Analysts at Goldman Sachs reinstated coverage on Lexmark International Inc (LXK) on Tuesday, giving the printer maker a bearish rating as its shares are currently fully valued with headwinds going forward.

The analysts rate LXK as a “Sell” and see shares hitting $23. This price target suggests a 25% downside to Monday’s closing price of $30.79.

“With core laser printing revenues also under pressure, and investment requirements for its transformation into a software, services and solutions company, we believe the stock’s 32.8% run ytd leaves the shares more than fully valued,” said Goldman Sachs analyst Bill Shope.

Lexmark shares were inactive during pre-market trading on Tuesday. The stock is up +32.77% year-to-date.

The Bottom Line
Shares of Lexmark International (LXK) have a dividend yield of 3.90% based on last night’s closing price of $30.79 and the company’s annualized dividend payout of $1.20 per share.

Lexmark International Inc (LXK) is not recommended at this time, holding a DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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