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How Does Lannett Company, Inc. (LCI) Stock Rank on Wall Street Friday?

Friday, November 18, 2022 03:37 PM | InvestorsObserver Analysts

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How Does Lannett Company, Inc. (LCI) Stock Rank on Wall Street Friday?

Wall Street is positive on Lannett Company, Inc. (LCI). On average, analysts give LCI a Hold rating. The average price target is $1, which means analysts expect the stock to climb by 69.49% over the next twelve months. That average ranking earns LCI an Analyst Rating of 5, which is better than 5% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3
Wall Street analysts are rating LCI a Hold today. Find out what this means to you and get the rest of the rankings on LCI!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Lannett Company, Inc. Stock Today?

Lannett Company, Inc. (LCI) stock is trading at $0.59 as of 3:21 PM on Friday, Nov 18, an increase of $0.09, or 17.54% from the previous closing price of $0.50. The stock has traded between $0.53 and $0.61 so far today. Volume today is high. So far 398,064 shares have traded compared to average volume of 140,914 shares. Click Here to get the full Stock Report for Lannett Company, Inc. stock.

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