Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Lancaster Colony Corporation (NASDAQ:LANC) Share Price
Media coverage about Lancaster Colony Corporation (NASDAQ:LANC) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lancaster Colony Corporation earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.3492859691538 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s rankings:
- Lancaster Colony Corporation (NASDAQ:LANC) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- IHS Markit Score downgrades Lancaster Colony Corp to 50 out of 100, ranking positively in only one out of three available IHS Markit categories. (finance.yahoo.com)
- Lancaster Colony Corporation (LANC) Stake Up in Latest Report from Neuberger Berman Group LLC (highlightpress.com)
- Lancaster Colony Corporation (NASDAQ:LANC) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
- Neuberger Berman Group LLC Buys A Little More Lancaster Colony Corporation (LANC) Stock Last Quarter (highlightpress.com)
Several research analysts have commented on the stock. Vertical Research upgraded shares of Lancaster Colony Corporation from a “hold” rating to a “buy” rating in a research report on Friday, May 26th. Zacks Investment Research upgraded shares of Lancaster Colony Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Vertical Group upgraded shares of Lancaster Colony Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $123.00 to $146.00 in a research report on Tuesday, May 30th. Finally, Wedbush restated an “outperform” rating and issued a $160.00 target price on shares of Lancaster Colony Corporation in a research report on Monday, April 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Lancaster Colony Corporation currently has an average rating of “Buy” and a consensus target price of $152.00.
Lancaster Colony Corporation (LANC) opened at 123.11 on Friday. The company has a market capitalization of $3.38 billion, a PE ratio of 28.76 and a beta of 1.02. The stock has a 50 day moving average of $123.35 and a 200 day moving average of $127.29. Lancaster Colony Corporation has a 12-month low of $117.50 and a 12-month high of $149.30.
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Lancaster Colony Corporation Company Profile
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.
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