Equities researchers at Credit Suisse Group AG started coverage on shares of Lantheus Holdings Inc. (NASDAQ:LNTH) in a report released on Friday. The brokerage set a “neutral” rating and a $8.00 price target on the stock. Credit Suisse Group AG’s price target would indicate a potential downside of 2.56% from the company’s current price.
Several other research firms have also commented on LNTH. Jefferies Group upped their price objective on Lantheus Holdings from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. Zacks Investment Research raised Lantheus Holdings from a “hold” rating to a “strong-buy” rating and set a $7.00 target price for the company in a research note on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Lantheus Holdings presently has an average rating of “Buy” and an average price target of $7.40.
Lantheus Holdings (NASDAQ:LNTH) opened at 8.21 on Friday. The stock has a market capitalization of $249.48 million, a price-to-earnings ratio of 9.27 and a beta of 0.39. The company has a 50 day moving average of $8.02 and a 200-day moving average of $4.10. Lantheus Holdings has a 12-month low of $1.76 and a 12-month high of $10.10.
Lantheus Holdings (NASDAQ:LNTH) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.18. Lantheus Holdings had a negative return on equity of 11.75% and a net margin of 9.00%. The business had revenue of $78 million for the quarter, compared to analyst estimates of $72.66 million. On average, equities research analysts forecast that Lantheus Holdings will post $0.55 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of LNTH. Paloma Partners Management Co purchased a new position in Lantheus Holdings during the second quarter valued at approximately $179,000. Brigade Capital Management LP purchased a new position in Lantheus Holdings during the second quarter valued at approximately $5,219,000. Spark Investment Management LLC increased its position in Lantheus Holdings by 33.2% in the second quarter. Spark Investment Management LLC now owns 141,300 shares of the company’s stock valued at $518,000 after buying an additional 35,200 shares in the last quarter. TFS Capital LLC purchased a new position in Lantheus Holdings during the second quarter valued at approximately $156,000. Finally, Globeflex Capital L P purchased a new position in Lantheus Holdings during the second quarter valued at approximately $1,410,000. 30.15% of the stock is owned by hedge funds and other institutional investors.
Lantheus Holdings Company Profile
Lantheus Holdings, Inc develops, manufactures and commercializes diagnostic medical imaging agents and products that assist clinicians in the diagnosis and treatment of cardiovascular and other diseases. The Company’s portfolio of approximately 10 commercial products is spread across a range of imaging modalities.
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