Lannett Company, Inc. (LCI) Receives $24.88 Consensus Target Price from Analysts
Shares of Lannett Company, Inc. (NYSE:LCI) have been assigned an average rating of “Hold” from the nine research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.88.
Several research firms recently weighed in on LCI. Zacks Investment Research downgraded Lannett from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 4th. TheStreet downgraded Lannett from a “c-” rating to a “d+” rating in a report on Friday, September 14th. Roth Capital downgraded Lannett from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $23.00 to $27.50 in a report on Monday, August 20th. Raymond James downgraded Lannett from an “outperform” rating to a “market perform” rating and set a $43.00 price objective for the company. in a report on Monday, August 20th. Finally, Craig Hallum downgraded Lannett from a “buy” rating to a “hold” rating in a report on Monday, August 20th.
In related news, Director Patrick G. Lepore bought 25,000 shares of the business’s stock in a transaction on Friday, August 31st. The shares were bought at an average price of $5.34 per share, for a total transaction of $133,500.00. Following the completion of the purchase, the director now directly owns 67,895 shares of the company’s stock, valued at $362,559.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.72% of the stock is owned by insiders.
Shares of LCI stock traded up $0.10 on Friday, hitting $4.90. The stock had a trading volume of 18,793 shares, compared to its average volume of 1,735,002. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.62 and a quick ratio of 1.92. The company has a market capitalization of $188.67 million, a P/E ratio of 1.55 and a beta of 2.18. Lannett has a one year low of $4.60 and a one year high of $30.35.
Lannett (NYSE:LCI) last released its quarterly earnings data on Tuesday, August 28th. The company reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $170.90 million during the quarter, compared to the consensus estimate of $171.21 million. Lannett had a return on equity of 19.92% and a net margin of 4.19%. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. analysts anticipate that Lannett will post 2.09 earnings per share for the current fiscal year.
Lannett Company Profile
Lannett Company, Inc develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products in the United States. The company offers solid oral and extended release, topical, liquid, nasal, and oral solution finished dosage forms of drugs that address a range of therapeutic areas, as well as ophthalmic, patch, foam, buccal, sublingual, suspension, soft gel, and injectable dosages.
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