Analysts who follow Lannett Company, Inc. (LCI) on average expect it to rise 29.97% over the next twelve months. Those same analysts give the stock an average rating of Sell.
That average rating earns LCI an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObserver.
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 has gained 10.1% while the S&P 500 is down -0.22% as of 3:17 PM on Tuesday, Nov 10. LCI is up $0.60 from the previous closing price of $5.94 on volume of 336,221 shares. Over the past year the S&P 500 has risen 14.76% while LCI is down -25.34%. LCI lost -$0.72 per share the over the last 12 months.
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