Lancaster Colony Corporation which can be found using ticker (LANC) have now 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between 226 and 185 and has a mean target at $205.33. Given that the stocks previous close was at $163.80 this would indicate that there is a potential upside of 25.4%. There is a 50 day moving average of $169.07 and the 200 moving average now moves to $190.09. The total market capitalization for the company now stands at 4.58B. The stock price for the company is currently 166.59 USD
The potential market cap would be $5,746,595,410 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 41.24, revenue per share of 66.37 and a 9.44% 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.
