# Lancaster Colony Corporation – Consensus ‘buy’ rating and 21.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/lancaster-colony-corporation-consensus-buy-rating-and-21.4-upside-potential/4121131774
- Published: 2023-11-01T15:24:17+00:00
- Author: Charlotte Edwards

**Lancaster Colony Corporation** with ticker code (LANC) now have 3 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The target
price High/Low ranges between $226.00 and $185.00 calculating the mean target price
we have $205.33. Given that the stocks previous close was at $169.17 and the analysts
are correct then there would likely be a percentage uptick in value of 21.4%. It’s
also worth noting that there is a 50 day moving average of $167.81 while the 200
day moving average is $189.50. The total market capitalization for the company now
stands at 4.61B. The stock price for the company is currently $167.51 USD

 The potential market cap would be $5,594,908,316 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 41.46, 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.

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