Lannett Co Inc (NYSE:LCI) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other research firms have also commented on LCI. BidaskClub lowered Lannett Co from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered Lannett Co from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Roth Capital set a $27.00 price objective on Lannett Co and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. BMO Capital Markets raised their price objective on Lannett Co from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, November 13th. Finally, Deutsche Bank AG lowered their price objective on Lannett Co from $23.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $22.80.

Lannett Co (NYSE:LCI) opened at $27.50 on Friday. Lannett Co has a 52 week low of $14.90 and a 52 week high of $27.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.90 and a current ratio of 2.52. The company has a market capitalization of $962.40, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 2.13 and a beta of 2.73.

Lannett Co (NYSE:LCI) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. Lannett Co had a return on equity of 18.23% and a net margin of 6.67%. The firm had revenue of $155.00 million for the quarter, compared to analyst estimates of $153.62 million. During the same quarter last year, the company earned $0.77 EPS. The company’s revenue was down 4.1% on a year-over-year basis. equities analysts forecast that Lannett Co will post 2.99 earnings per share for the current year.

In other news, CEO Arthur P. Bedrosian sold 7,422 shares of Lannett Co stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $25.20, for a total value of $187,034.40. Following the transaction, the chief executive officer now owns 679,001 shares in the company, valued at approximately $17,110,825.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David Farber sold 10,000 shares of Lannett Co stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $25.03, for a total value of $250,300.00. Following the completion of the transaction, the insider now owns 4,211,069 shares in the company, valued at approximately $105,403,057.07. The disclosure for this sale can be found here. Company insiders own 15.04% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV bought a new position in shares of Lannett Co in the 2nd quarter valued at $1,824,000. Schwab Charles Investment Management Inc. increased its stake in shares of Lannett Co by 6.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 153,632 shares of the company’s stock valued at $3,135,000 after purchasing an additional 9,005 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Lannett Co by 82.5% in the 2nd quarter. Voya Investment Management LLC now owns 46,757 shares of the company’s stock valued at $954,000 after purchasing an additional 21,131 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Lannett Co in the 2nd quarter valued at $271,000. Finally, Tudor Investment Corp ET AL increased its stake in shares of Lannett Co by 70.2% in the 2nd quarter. Tudor Investment Corp ET AL now owns 25,188 shares of the company’s stock valued at $514,000 after purchasing an additional 10,388 shares during the last quarter. Institutional investors own 96.83% of the company’s stock.

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Lannett Co Company Profile

Lannett Company, Inc develops, manufactures, markets and distributes generic versions of brand pharmaceutical products. The Company manufactures and/or distributes prescription products with the exception of a small portfolio of over-the-counter products manufactured by its subsidiary, Silarx Pharmaceuticals, Inc As of June 30, 2016, the Company’s products included Acetazolamide Tablets; Butalbital, Acetaminophen and Caffeine Tablets; Butalbital, Aspirin and Caffeine Capsules; C-Topical Solution; Digoxin Tablets; Glycolax Rx; Isosorbide Mononitrate CR; Levothyroxine Sodium Tablets; Methylphenidate HCL CD; Methylphenidate ER; Nifedipine CR; Omeprazole DR; Oxbutynin ER; Pantoprazole DR; Pilocarpine HCl Tablets; Triamterene w/Hydrochlorothiazide Capsules, and Ursodiol Capsules.

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Analyst Recommendations for Lannett Co (NYSE:LCI)

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