Shares of Lannett Co Inc (NYSE:LCI) have earned an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

LCI has been the topic of several research analyst reports. ValuEngine downgraded Lannett Co from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Lannett Co in a research note on Thursday, June 8th. Zacks Investment Research raised shares of Lannett Co from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Deutsche Bank AG reissued a “hold” rating and set a $23.00 target price (up previously from $22.00) on shares of Lannett Co in a report on Monday, July 17th. Finally, BidaskClub cut shares of Lannett Co from a “buy” rating to a “hold” rating in a report on Monday, July 24th.

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue raised its holdings in Lannett Co by 77.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,753 shares of the company’s stock valued at $117,000 after acquiring an additional 2,513 shares during the period. Mason Street Advisors LLC raised its holdings in Lannett Co by 7.5% during the 1st quarter. Mason Street Advisors LLC now owns 6,870 shares of the company’s stock valued at $154,000 after acquiring an additional 482 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Lannett Co by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,940 shares of the company’s stock valued at $142,000 after acquiring an additional 300 shares during the period. Airain ltd bought a new stake in Lannett Co during the 1st quarter valued at $205,000. Finally, BNP Paribas Arbitrage SA raised its holdings in Lannett Co by 49.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,235 shares of the company’s stock valued at $188,000 after acquiring an additional 3,061 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lannett Co (NYSE:LCI) traded up 0.58% during trading on Tuesday, hitting $17.25. The stock had a trading volume of 313,508 shares. The company’s 50 day moving average price is $17.21 and its 200 day moving average price is $20.57. Lannett Co has a 52 week low of $14.90 and a 52 week high of $33.53. The company’s market capitalization is $643.15 million.

Lannett Co (NYSE:LCI) last posted its quarterly earnings data on Wednesday, August 23rd. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Lannett Co had a positive return on equity of 19.80% and a negative net margin of 0.09%. The business had revenue of $139.10 million for the quarter, compared to the consensus estimate of $139.01 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. Lannett Co’s revenue for the quarter was down 17.6% on a year-over-year basis. Analysts predict that Lannett Co will post $2.57 earnings per share for the current year.

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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.

Analyst Recommendations for Lannett Co (NYSE:LCI)

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