Shares of Lannett Company, Inc. (NYSE:LCI) have been assigned an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $21.50.

A number of research firms have weighed in on LCI. Zacks Investment Research cut Lannett from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. Oppenheimer restated a “hold” rating on shares of Lannett in a report on Monday, December 11th. ValuEngine upgraded Lannett from a “hold” rating to a “buy” rating in a report on Saturday, November 25th. Finally, BMO Capital Markets increased their target price on Lannett from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, November 13th.

In other news, major shareholder David Farber sold 9,816 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $30.05, for a total transaction of $294,970.80. Following the completion of the transaction, the insider now directly owns 4,190,169 shares in the company, valued at approximately $125,914,578.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Arthur P. Bedrosian sold 7,422 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were 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 of the company’s stock, valued at $17,110,825.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,000 shares of company stock valued at $3,681,091. Company insiders own 14.72% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in LCI. Schwab Charles Investment Management Inc. lifted its stake in Lannett by 6.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 153,632 shares of the company’s stock worth $3,135,000 after purchasing an additional 9,005 shares during the last quarter. Rhumbline Advisers lifted its stake in Lannett by 0.4% during the second quarter. Rhumbline Advisers now owns 61,600 shares of the company’s stock worth $1,257,000 after purchasing an additional 244 shares during the last quarter. Legal & General Group Plc lifted its stake in Lannett by 7.0% during the second quarter. Legal & General Group Plc now owns 54,515 shares of the company’s stock worth $1,112,000 after purchasing an additional 3,569 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Lannett by 49.6% during the second quarter. BNP Paribas Arbitrage SA now owns 9,235 shares of the company’s stock worth $188,000 after purchasing an additional 3,061 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its stake in Lannett by 272,000.0% during the second quarter. Federated Investors Inc. PA now owns 32,652 shares of the company’s stock worth $666,000 after purchasing an additional 32,640 shares during the last quarter. Hedge funds and other institutional investors own 97.17% of the company’s stock.

Lannett (NYSE LCI) traded down $0.10 during midday trading on Monday, reaching $24.75. The company’s stock had a trading volume of 452,000 shares, compared to its average volume of 630,767. The stock has a market cap of $933.07, a PE ratio of 22.10, a PEG ratio of 1.63 and a beta of 2.85. Lannett has a 52-week low of $14.90 and a 52-week high of $30.35. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.90 and a current ratio of 2.52.

Lannett (NYSE:LCI) last released its quarterly earnings results on Monday, November 6th. The company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. The firm had revenue of $155.00 million during the quarter, compared to analysts’ expectations of $153.62 million. Lannett had a return on equity of 18.23% and a net margin of 6.67%. Lannett’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS. equities analysts anticipate that Lannett will post 3.04 EPS for the current fiscal year.

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About Lannett

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.

Analyst Recommendations for Lannett (NYSE:LCI)

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