Lannett Company Given Consensus Recommendation of “Buy” by Analysts (NYSE:LCI)
Shares of Lannett Company (NYSE:LCI) have been given an average rating of “Buy” by the eight ratings firms that are covering the company, AR Network reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $45.75.
Shares of Lannett Company (NYSE:LCI) traded up 2.53% on Friday, hitting $39.79. 194,014 shares of the company’s stock traded hands. Lannett Company has a 52 week low of $13.14 and a 52 week high of $51.659. The stock has a 50-day moving average of $37.9 and a 200-day moving average of $40.00. The company has a market cap of $1.409 billion and a price-to-earnings ratio of 23.96.
Lannett Company (NYSE:LCI) last announced its earnings results on Wednesday, August 27th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.10. The company had revenue of $80.60 million for the quarter, compared to the consensus estimate of $79.50 million. During the same quarter last year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 100.5% on a year-over-year basis. Analysts expect that Lannett Company will post $2.60 EPS for the current fiscal year.
A number of research firms have recently commented on LCI. Analysts at Zacks upgraded shares of Lannett Company from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $43.00 price target on the stock. Separately, analysts at Oppenheimer cut their price target on shares of Lannett Company from $52.00 to $51.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Craig Hallum downgraded shares of Lannett Company from a “buy” rating to a “hold” rating in a research note on Tuesday, August 19th.
In other Lannett Company news, major shareholder David Farber sold 5,000 shares of Lannett Company stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $41.30, for a total value of $206,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Lannett Company, Inc is engaged in developing, manufacturing, marketing and distributing generic versions of branded pharmaceutical products.
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