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Lancaster Colony (LANC) Catches Eye: Stock Gains 5.4%

Lancaster Colony Corporation LANC was a big mover last session, as the company saw its shares rise over 5% on the day. The upside was driven by the company’s announcement of record third-quarter fiscal 2016 sales and earnings. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $107.68 to $112.62 in the past one-month time frame.

The company has seen no estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Lancaster Colony currently has a Zacks Rank #3 (Hold).

A better-ranked stock in the same industry is Campbell Soup Company CPB, which sports a Zacks Rank #1 (Strong Buy).

Is LANC going up? Or down? Predict to see what others think: Up or Down

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CAMPBELL SOUP (CPB): Free Stock Analysis Report
 
LANCASTER COLON (LANC): Free Stock Analysis Report
 
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