Lannett Co. Inc. Sets New 1-Year High at $24.19 (LCI)
Lannett Co. (NYSE:LCI)’s share price reached a new 52-week high during trading hours on Friday, AR Network reports. The company traded as high as $24.19 and last traded at $24.10, with a volume of 451,848 shares traded. The stock had previously closed at $21.50.
Several analysts have recently commented on the stock. Analysts at Oppenheimer upgraded shares of Lannett Co. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. They now have a $29.00 price target on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of Lannett Co. in a research note to investors on Friday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Lannett Co. presently has a consensus rating of “Buy” and an average target price of $23.33.
Lannett Co. has a one year low of $3.93 and a one year high of $18.20. The stock’s 50-day moving average is $13.74 and its 200-day moving average is $11.88. The company has a market cap of $720.8 million and a price-to-earnings ratio of 46.74.
Lannett Co. (NYSE:LCI) last issued its quarterly earnings data 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 $0.64 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.