Lannett Co. (NYSE:LCI) shares rose 1.7% during trading on Wednesday . The stock traded as high as $34.00 and last traded at $33.86, with a volume of 925,007 shares. The stock had previously closed at $33.29.

LCI has been the subject of several research analyst reports. Deutsche Bank AG initiated coverage on Lannett in a research note on Wednesday, June 29th. They set a “hold” rating and a $26.00 target price for the company. Raymond James Financial Inc. lifted their target price on Lannett from $31.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 24th. Zacks Investment Research downgraded Lannett from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Lannett in a research note on Tuesday, July 12th. Finally, TheStreet upgraded Lannett from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $31.36.

The stock’s 50 day moving average is $31.41 and its 200-day moving average is $24.44. The stock has a market capitalization of $1.24 billion and a price-to-earnings ratio of 28.22.

Lannett (NYSE:LCI) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.14. The business had revenue of $168.90 million for the quarter, compared to analysts’ expectations of $161.55 million. The business’s revenue was up 70.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 earnings per share. Analysts predict that Lannett Co. will post $3.39 earnings per share for the current fiscal year.

In related news, VP Robert Ehlinger sold 37,141 shares of the stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $25.06, for a total transaction of $930,753.46. Following the completion of the sale, the vice president now directly owns 40,104 shares of the company’s stock, valued at $1,005,006.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

A hedge fund recently raised its stake in Lannett stock. Wells Fargo & Company MN raised its position in shares of Lannett Co. (NYSE:LCI) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,448 shares of the company’s stock after buying an additional 21,749 shares during the period. Wells Fargo & Company MN owned 0.62% of Lannett worth $9,125,000 as of its most recent SEC filing.

Lannett Company, Inc develops, manufactures, markets and distributes generic versions of brand pharmaceutical products. The Company’s products include Levothyroxine Sodium tablets, Digoxin tablets, Butalbital products, Ursodiol capsules and pain management products. Levothyroxine Sodium tablets are produced and marketed with around 12 varying potencies.

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