Lannett (NYSE:LCI) received a $25.00 price objective from equities researchers at Roth Capital in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Roth Capital’s price target points to a potential upside of 38.50% from the company’s current price.

Several other equities analysts have also issued reports on LCI. ValuEngine lowered Lannett from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Oppenheimer restated a “hold” rating on shares of Lannett in a research report on Wednesday. BMO Capital Markets decreased their target price on Lannett from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday. Goldman Sachs Group assumed coverage on Lannett in a research report on Wednesday, January 24th. They set a “neutral” rating and a $21.00 target price for the company. Finally, Zacks Investment Research lowered Lannett from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.67.

Lannett (NYSE:LCI) opened at $18.05 on Wednesday. The stock has a market capitalization of $680.48, a PE ratio of 14.21, a PEG ratio of 1.26 and a beta of 2.51. Lannett has a 12-month low of $14.90 and a 12-month high of $30.35. The company has a current ratio of 2.52, a quick ratio of 1.90 and a debt-to-equity ratio of 1.44.

Lannett (NYSE:LCI) last posted its earnings results on Wednesday, February 7th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.20. The company had revenue of $184.31 million during the quarter, compared to analyst estimates of $190.92 million. Lannett had a return on equity of 18.23% and a net margin of 6.67%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 EPS. equities research analysts predict that Lannett will post 3.14 earnings per share for the current fiscal year.

In related news, CEO Arthur P. Bedrosian sold 42,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $25.50, for a total value of $1,071,000.00. Following the completion of the transaction, the chief executive officer now directly owns 636,616 shares in the company, valued at approximately $16,233,708. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Arthur P. Bedrosian sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $26.75, for a total value of $1,337,500.00. Following the completion of the transaction, the chief executive officer now owns 636,616 shares of the company’s stock, valued at $17,029,478. The disclosure for this sale can be found here. Insiders sold a total of 122,578 shares of company stock valued at $3,243,757 over the last quarter. 14.72% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of LCI. Neuberger Berman Group LLC acquired a new position in shares of Lannett in the 3rd quarter valued at approximately $188,000. Municipal Employees Retirement System of Michigan grew its position in shares of Lannett by 59.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,040 shares of the company’s stock valued at $204,000 after purchasing an additional 4,100 shares during the period. Hartford Investment Management Co. bought a new stake in Lannett in the 3rd quarter valued at approximately $212,000. Teacher Retirement System of Texas bought a new stake in Lannett in the 4th quarter valued at approximately $223,000. Finally, Unison Advisors LLC bought a new stake in Lannett in the 4th quarter valued at approximately $273,000. Institutional investors and hedge funds own 99.69% of the company’s stock.

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Lannett 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.

Analyst Recommendations for Lannett (NYSE:LCI)

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