Lannett Co Inc (NYSE:LCI) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday, August 8th.
A number of other research firms also recently issued reports on LCI. Zacks Investment Research raised Lannett Co from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BMO Capital Markets started coverage on Lannett Co in a research note on Monday, May 1st. They issued a “market perform” rating and a $29.00 price objective on the stock. ValuEngine downgraded Lannett Co from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Roth Capital set a $27.00 price objective on Lannett Co and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Lannett Co in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.83.
Shares of Lannett Co (LCI) traded up 3.64% during mid-day trading on Tuesday, reaching $15.65. The company’s stock had a trading volume of 501,586 shares. The company’s 50-day moving average price is $19.31 and its 200-day moving average price is $21.16. Lannett Co has a 12-month low of $14.90 and a 12-month high of $39.99. The stock’s market capitalization is $582.65 million.
TRADEMARK VIOLATION WARNING: “Lannett Co Inc (LCI) Lowered to “Strong Sell” at BidaskClub” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.com-unik.info/2017/08/19/lannett-co-inc-lci-lowered-to-strong-sell-at-bidaskclub-updated.html.
Institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System boosted its position in Lannett Co by 0.7% in the second quarter. Arizona State Retirement System now owns 15,362 shares of the company’s stock worth $313,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Lannett Co by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the company’s stock worth $268,000 after buying an additional 200 shares during the last quarter. CS Mckee LP boosted its position in Lannett Co by 0.6% in the second quarter. CS Mckee LP now owns 35,400 shares of the company’s stock worth $722,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund boosted its position in Lannett Co by 1.0% in the second quarter. Texas Permanent School Fund now owns 21,474 shares of the company’s stock worth $438,000 after buying an additional 203 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Lannett Co by 0.4% in the second quarter. Rhumbline Advisers now owns 61,600 shares of the company’s stock worth $1,257,000 after buying an additional 244 shares during the last quarter. Institutional investors own 95.69% of the company’s stock.
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.
What are top analysts saying about Lannett Co Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lannett Co Inc and related companies.