Lannett Co Inc Common Stock (NYSE:LCI):
Lannett To Report Fiscal 2017 First-Quarter Financial Results, Host Conference Call On Thursday, November 3.
The company is trading up from yesterday’s close of $21.15.
Shares of the company are trading at $21.60 just below $26.79, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $26.06. The 50 day moving average went down by -19.37% whereas the 200 day average was down by -17.11%.
The company currently has a P/E ratio of 18.00 and the market cap is 796.87M. As of the last earnings report the EPS was $1.20 and is projected to be $3.25 for the current year with 36,892,000 shares now outstanding. Next quarter’s EPS is expected be $0.82 and the next full year EPS is anticipated to be $3.31.
A few investment firms have released ratings on LCI recently. Deutsche Bank initiated coverage on the stock with a rating of “Hold”. On March 24 Roth Capital maintained a company rating of “Buy” but lowered the price expectation to $27.50 from $30.00.
Canaccord Genuity both downgraded the stock and lowered the price target on March 24 cutting the price target from $28.00 to $18.00 and changing the rating from “Buy” to “Sell”. On March 24 the stock rating was downgraded to “Sell” from “Buy” with a current price target of $18.00 in a report from Canaccord Genuity.
March 11 investment analysts at Roth Capital kept the stock rating at “Buy” and lowered the price target from $4.00 to $3.00. On February 4 the company was rated “Buy” by Craig-Hallum a boost from the previous “” rating.