Lannett (LCI) Given a $25.00 Price Target at Roth Capital

Roth Capital set a $25.00 price target on Lannett (NYSE:LCI) in a research report sent to investors on Wednesday. The firm currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on LCI. Zacks Investment Research cut shares of Lannett from a buy rating to a hold rating in a report on Wednesday, December 13th. Oppenheimer reaffirmed a hold rating on shares of Lannett in a report on Monday, December 11th. ValuEngine raised shares of Lannett from a hold rating to a buy rating in a report on Saturday, November 25th. BMO Capital Markets raised their price target on shares of Lannett from $20.00 to $22.00 and gave the stock a market perform rating in a report on Monday, November 13th. Finally, Goldman Sachs Group began coverage on shares of Lannett in a report on Wednesday, January 24th. They issued a neutral rating and a $21.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Lannett presently has an average rating of Hold and a consensus price target of $20.83.

Shares of Lannett (NYSE LCI) opened at $17.95 on Wednesday. The firm has a market cap of $683.08, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 1.13 and a beta of 2.51. Lannett has a one year low of $14.90 and a one year high of $30.35. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

Lannett (NYSE:LCI) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.20. The business had revenue of $184.31 million during the quarter, compared to analysts’ expectations of $190.92 million. Lannett had a net margin of 7.44% and a return on equity of 18.85%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. equities research analysts anticipate that Lannett will post 3.19 EPS for the current year.

In related news, CEO Arthur P. Bedrosian sold 50,000 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $26.75, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David Farber sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $25.01, for a total transaction of $250,100.00. Following the transaction, the insider now directly owns 4,171,269 shares of the company’s stock, valued at approximately $104,323,437.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,578 shares of company stock valued at $3,243,757. 14.72% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of LCI. Frontier Capital Management Co. LLC purchased a new position in shares of Lannett during the fourth quarter worth $21,367,000. JPMorgan Chase & Co. raised its holdings in shares of Lannett by 296.7% during the third quarter. JPMorgan Chase & Co. now owns 306,106 shares of the company’s stock worth $5,678,000 after purchasing an additional 228,947 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Lannett by 20.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,010,232 shares of the company’s stock worth $18,639,000 after purchasing an additional 171,751 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Lannett by 6.2% during the second quarter. Vanguard Group Inc. now owns 2,901,885 shares of the company’s stock worth $59,198,000 after purchasing an additional 168,454 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of Lannett during the fourth quarter worth $3,506,000. 99.69% of the stock is owned by hedge funds and other institutional investors.

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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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