Goldman Sachs Maintains a 'Sell' on Lexmark (LXK); Falling Short of Our Own Below-Consensus Estimates
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Price: $31.33 -0.41%
Rating Summary:
0 Buy, 4 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
0 Buy, 4 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade LXK Now!
Goldman Sachs maintains a 'Sell' on Lexmark International (NYSE: LXK) price target of $21.00 (from $24.00).
Analyst, Bill Shope, said, "We have been concerned that macro weakness would pressure Lexmark’s high-margin supplies sales, but it appears even our below-consensus estimates did not fully capture the headwinds on Lexmark’s installed base."
Shope lowers FY12 revenue estimate from $3.86B to $3.81B, FY13 from $3.69B to $3.59B and FY14 from $3.64B to $3.54B. FY12 EPS estimate was also cut from $3.90 to $3.76, FY13 from $4.04 to $3.52 and FY14 from $4.04 to $3.48.
For an analyst ratings summary and ratings history on Lexmark International click here. For more ratings news on Lexmark International click here.
Shares of Lexmark International closed at $24.31 yesterday, with a 52 week range of $24.07-$38.34.
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Analyst, Bill Shope, said, "We have been concerned that macro weakness would pressure Lexmark’s high-margin supplies sales, but it appears even our below-consensus estimates did not fully capture the headwinds on Lexmark’s installed base."
Shope lowers FY12 revenue estimate from $3.86B to $3.81B, FY13 from $3.69B to $3.59B and FY14 from $3.64B to $3.54B. FY12 EPS estimate was also cut from $3.90 to $3.76, FY13 from $4.04 to $3.52 and FY14 from $4.04 to $3.48.
For an analyst ratings summary and ratings history on Lexmark International click here. For more ratings news on Lexmark International click here.
Shares of Lexmark International closed at $24.31 yesterday, with a 52 week range of $24.07-$38.34.
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