Lannett Company Hits New 12-Month High at $46.70 (LCI)
Lannett Company (NYSE:LCI) reached a new 52-week high during trading on Thursday , American Banking News.com reports. The stock traded as high as $46.70 and last traded at $46.25, with a volume of 413,473 shares traded. The stock had previously closed at $45.23.
A number of analysts have recently weighed in on LCI shares. Analysts at Canaccord Genuity initiated coverage on shares of Lannett Company in a research note on Tuesday, May 6th. They set a “buy” rating and a $55.00 price target on the stock. Analysts at Zacks downgraded shares of Lannett Company from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $37.80 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Lannett Company presently has a consensus rating of “Buy” and an average price target of $42.95.
The stock has a 50-day moving average of $36.69 and a 200-day moving average of $36.00. The company has a market cap of $1.640 billion and a price-to-earnings ratio of 40.67.
Lannett Company (NYSE:LCI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $80.00 million for the quarter, compared to the consensus estimate of $84.50 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 105.0% on a year-over-year basis. On average, analysts predict that Lannett Company will post $1.75 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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