Lancaster Colony (LANC) in Focus: Stock Up 8.3% in Session
Lancaster Colony Corporation LANC was a big mover last session, as the company saw its shares rise more than 8% on the day. The upside came after the company reported better-than-expected first-quarter fiscal 2016 earnings of $1.01 per share. The news led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the volatile price range of $96.62 to $105.15 over the past one month time frame.
None of the estimates for this stock were revised in the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Lancaster Colony carries a Zacks Rank #2 (Buy).
Another stock in the food-misc/diversified industry worth considering is B&G Foods Inc. BGS, sporting a Zacks Rank #1 (Strong Buy).
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B&G FOODS CL-A (BGS): Free Stock Analysis Report
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