Lannett Co Inc (LCI) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Lannett Co Inc (NYSE:LCI) from a sell rating to a strong sell rating in a research report report published on Tuesday morning.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Lannett Co from a buy rating to a hold rating in a research note on Thursday, May 4th. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Lannett Co in a research note on Tuesday, May 2nd. Robert W. Baird reiterated an outperform rating and set a $18.00 target price on shares of Lannett Co in a research note on Wednesday, May 3rd. Roth Capital set a $27.00 target price on shares of Lannett Co and gave the company a buy rating in a research note on Tuesday, May 2nd. Finally, ValuEngine cut shares of Lannett Co from a buy rating to a hold rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $27.50.

Lannett Co (NYSE LCI) traded up 1.55% during midday trading on Tuesday, hitting $16.40. 769,048 shares of the stock traded hands. The company has a 50-day moving average of $20.02 and a 200-day moving average of $21.30. The stock’s market cap is $610.57 million. Lannett Co has a 1-year low of $15.75 and a 1-year high of $39.99.

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Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Lannett Co by 52,610.9% in the first quarter. BlackRock Inc. now owns 3,903,766 shares of the company’s stock worth $87,250,000 after buying an additional 3,896,360 shares in the last quarter. Morgan Stanley boosted its position in shares of Lannett Co by 592.6% in the first quarter. Morgan Stanley now owns 1,339,367 shares of the company’s stock worth $29,935,000 after buying an additional 1,145,987 shares in the last quarter. Snow Capital Management LP boosted its position in shares of Lannett Co by 22.5% in the first quarter. Snow Capital Management LP now owns 3,093,435 shares of the company’s stock worth $69,138,000 after buying an additional 567,800 shares in the last quarter. Heartland Advisors Inc. acquired a new position in shares of Lannett Co during the first quarter worth about $11,175,000. Finally, Norges Bank acquired a new position in shares of Lannett Co during the fourth quarter worth about $9,295,000. Institutional investors own 95.14% of the company’s stock.

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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