Lannett Co Inc (LCI) Upgraded at ValuEngine
ValuEngine upgraded shares of Lannett Co Inc (NYSE:LCI) from a hold rating to a buy rating in a report issued on Monday morning.
LCI has been the subject of a number of other reports. Deutsche Bank AG reiterated a hold rating and set a $23.00 target price (up from $22.00) on shares of Lannett Co in a research report on Monday, July 17th. Roth Capital set a $27.00 target price on Lannett Co and gave the company a buy rating in a research report on Tuesday, August 22nd. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Lannett Co in a research report on Thursday, June 8th. BidaskClub downgraded Lannett Co from a buy rating to a hold rating in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded Lannett Co from a hold rating to a buy rating and set a $25.00 target price for the company in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $21.80.
Lannett Co (NYSE LCI) traded up 0.124% on Monday, hitting $20.225. 151,787 shares of the company’s stock traded hands. The stock’s market cap is $754.07 million. Lannett Co has a 12 month low of $14.90 and a 12 month high of $28.08. The stock has a 50 day moving average price of $17.39 and a 200-day moving average price of $20.19.
Lannett Co (NYSE:LCI) last posted its earnings results on Wednesday, August 23rd. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $139.10 million during the quarter, compared to the consensus estimate of $139.01 million. Lannett Co had a positive return on equity of 19.80% and a negative net margin of 0.09%. The company’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 EPS. Equities analysts predict that Lannett Co will post $2.57 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its holdings in Lannett Co by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 15,362 shares of the company’s stock valued at $313,000 after buying an additional 100 shares during the period. CS Mckee LP raised its holdings in Lannett Co by 0.6% during the 2nd quarter. CS Mckee LP now owns 35,400 shares of the company’s stock valued at $722,000 after buying an additional 200 shares during the period. Texas Permanent School Fund raised its holdings in Lannett Co by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 21,474 shares of the company’s stock valued at $438,000 after buying an additional 203 shares during the period. Rhumbline Advisers raised its holdings in Lannett Co by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 61,600 shares of the company’s stock valued at $1,257,000 after buying an additional 244 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Lannett Co by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,366 shares of the company’s stock valued at $456,000 after buying an additional 297 shares during the period. Institutional investors own 87.92% of the company’s stock.
About Lannett Co
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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