Lexmark International (LXK) in Focus: Stock Plunges 11.2% - Tale of the Tape
Benzinga 12 years ago
Lexmark International Inc. (NYSE: LXK) saw a big move last session, as the company's shares fell by over 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LXK, as the stock declined 12.8% since April 3.
Lexmark International has seen flat record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
LXK currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
One better-ranked stock in the office automation and equipment space is Canon Inc. (NYSE: CAJ). Some other better-ranked stocks in the broader computer and technology sector include Accelrys Inc. (NASDAQ: ACCL) and Adobe Systems Inc. (NASDAQ: ADBE). All these stocks carry a Zacks Rank #2 (Buy).
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LEXMARK INTL (NYSE: LXK): Free Stock Analysis Report
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Lexmark International has seen flat record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
LXK currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
One better-ranked stock in the office automation and equipment space is Canon Inc. (NYSE: CAJ). Some other better-ranked stocks in the broader computer and technology sector include Accelrys Inc. (NASDAQ: ACCL) and Adobe Systems Inc. (NASDAQ: ADBE). All these stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
LEXMARK INTL (NYSE: LXK): Free Stock Analysis Report
To read this article on Zacks.com click here.