Lannett Co. PT Raised to $20.00 (LCI)
Stock analysts at Oppenheimer raised their price objective on shares of Lannett Co. (NYSE:LCI) to $20.00 in a report issued on Wednesday, ARN reports. Oppenheimer’s target price suggests a potential upside of 27.39% from the company’s current price.
A number of other analysts have also recently weighed in on LCI. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Lannett Co. (NYSE:LCI) in a research note to investors on Tuesday, August 20th. They now have a $16.00 price target on the stock. Analysts at Zacks downgraded shares of Lannett Co. (NYSE:LCI) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 2nd. They now have a $13.40 price target on the stock.
Shares of Lannett Co. (NYSE:LCI) opened at 15.70 on Wednesday. Lannett Co. has a 52 week low of $3.93 and a 52 week high of $15.75. The stock’s 50-day moving average is $13.42 and its 200-day moving average is $11.73. The company has a market cap of $450.3 million and a price-to-earnings ratio of 40.05.
Lannett Co. (NYSE:LCI) last announced its earnings results on Tuesday, September 10th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $40.20 million for the quarter, compared to the consensus estimate of $37.89 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that Lannett Co. will post $0.42 earnings per share for the current fiscal year.
Lannett Company, Inc is engaged in developing, manufacturing, marketing and distributing generic versions of branded pharmaceutical products.
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