Lancaster Colony Corporation with ticker code (LANC) have now 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $226.00 and $171.00 suggesting an average Analsyt target price of $196.50. Given that the stocks previous close was at $170.13 this indicates there is a potential upside of 15.5%. It’s also worth noting that there is a 50 day moving average of $168.43 while the 200 day moving average is $188.04. The market cap for the company is 4.57B. The current share price for the company is: $166.13 USD
The potential market cap would be $5,279,962,009 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 38.91, revenue per share of $67.68 and a 9.61% return on assets.
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The company operates through two segments: Retail Segment and Foodservice Segment. Retail Segment manufactures and sells other shelf-stable products pursuant to brand license agreements including Olive Garden dressings, Buffalo Wild Wings sauces and Chick-fil-A sauces. Foodservice Segment products sold under private label to restaurants. It also manufactures and sell various branded Foodservice products to distributors. Most of the products sold in the Foodservice segment are custom-formulated and include salad dressings, sandwich and dipping sauces, frozen breads and yeast rolls. The products under food services segment include Salad dressings, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls and Frozen pasta. The Company manufactures and sells Foodservice products under its brands: Marzetti, New York Brand Bakery, and Schubert’s.
