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Laboratory Co. of America (LH) Stock Price, News & Analysis

Laboratory Co. of America logo
$228.61 +1.64 (+0.72%)
(As of 12/20/2024 05:31 PM ET)

About Laboratory Co. of America Stock (NYSE:LH)

Key Stats

Today's Range
$226.56
$229.77
50-Day Range
$214.13
$246.22
52-Week Range
$191.97
$247.99
Volume
996,890 shs
Average Volume
659,601 shs
Market Capitalization
$19.12 billion
P/E Ratio
44.22
Dividend Yield
1.26%
Price Target
$258.62
Consensus Rating
Moderate Buy

Company Overview

Labcorp Holdings Inc. provides laboratory services. It operates through two segments, Diagnostics Laboratories and Biopharma Laboratory Services. The company offers various tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid, PAP, hemoglobin A1C and vitamin D, prostate-specific antigens, sexually transmitted diseases, hepatitis C, microbiology cultures and procedures, and alcohol and other substance-abuse tests. It also provides specialty testing services comprising gene-based and esoteric testing; advanced tests target specific diseases; services related to anatomic pathology/oncology, cardiovascular disease, coagulation, diagnostic genetics, endocrinology, infectious disease, women's health, pharmacogenetics, parentage and donor testing, occupational testing services, medical drug monitoring services, chronic disease programs, and kidney stone prevention tests; and health and wellness services to employers and managed care organizations (MCOs). In addition, the company offers online and mobile applications that enable patients to check test results; online applications for providers, MCOs, and accountable care organizations; specimen collection services; and drug development, medical device, and companion diagnostic development solutions, as well as support for crop protection and chemical testing. It serves pharmaceutical, biotechnology, medical device, and diagnostics companies; and MCOs, employer plans, other health insurance providers, governmental agencies, physicians and other healthcare providers, hospitals and health systems, employers, patients and consumers, contract research organizations, crop protection and chemical companies, academic institutions, independent clinical laboratories, and retailers. The company was founded in 1995 is headquartered in Burlington, North Carolina.

Laboratory Co. of America Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
99th Percentile Overall Score

LH MarketRank™: 

Laboratory Co. of America scored higher than 99% of companies evaluated by MarketBeat, and ranked 16th out of 947 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Laboratory Co. of America has received a consensus rating of Moderate Buy. The company's average rating score is 2.81, and is based on 11 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Laboratory Co. of America has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Laboratory Co. of America's stock forecast and price target.
  • Earnings Growth

    Earnings for Laboratory Co. of America are expected to grow by 9.92% in the coming year, from $14.52 to $15.96 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Laboratory Co. of America is 44.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Laboratory Co. of America is 44.22, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 102.67.

  • Price to Earnings Growth Ratio

    Laboratory Co. of America has a PEG Ratio of 1.91. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Laboratory Co. of America has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.36% of the float of Laboratory Co. of America has been sold short.
  • Short Interest Ratio / Days to Cover

    Laboratory Co. of America has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Laboratory Co. of America has recently decreased by 11.66%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Laboratory Co. of America pays a meaningful dividend of 1.25%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Laboratory Co. of America does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Laboratory Co. of America is 55.71%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Laboratory Co. of America will have a dividend payout ratio of 18.05% next year. This indicates that Laboratory Co. of America will be able to sustain or increase its dividend.

  • Read more about Laboratory Co. of America's dividend.
  • Percentage of Shares Shorted

    2.36% of the float of Laboratory Co. of America has been sold short.
  • Short Interest Ratio / Days to Cover

    Laboratory Co. of America has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Laboratory Co. of America has recently decreased by 11.66%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Laboratory Co. of America has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Laboratory Co. of America this week, compared to 10 articles on an average week.
  • Search Interest

    10 people have searched for LH on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added Laboratory Co. of America to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Laboratory Co. of America insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,910,209.00 in company stock.

  • Percentage Held by Insiders

    Only 0.85% of the stock of Laboratory Co. of America is held by insiders.

  • Percentage Held by Institutions

    95.94% of the stock of Laboratory Co. of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Laboratory Co. of America's insider trading history.
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LH Stock News Headlines

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LH Stock Analysis - Frequently Asked Questions

Laboratory Co. of America's stock was trading at $227.29 at the start of the year. Since then, LH stock has increased by 0.6% and is now trading at $228.61.
View the best growth stocks for 2024 here
.

Laboratory Co. of America Holdings (NYSE:LH) released its quarterly earnings data on Thursday, October, 24th. The medical research company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $3.48 by $0.02. The firm's revenue was up 7.4% compared to the same quarter last year.
Read the conference call transcript
.

The following companies are subsidiaries of Laboratory Co. of America: Clinical Outreach Laboratory Services, Personal Genome Diagnostics Inc., Toxikon Corporation, Myriad Autoimmune’s Vectra Testing Business, Ovia Health, Visiun, Envigo's nonclinical contract research services business, and more.

Laboratory Co. of America's top institutional investors include State Street Corp (4.46%), Diamond Hill Capital Management Inc. (2.37%), Geode Capital Management LLC (2.35%) and Allspring Global Investments Holdings LLC (2.21%). Insiders that own company stock include Adam H Schechter, Glenn A Eisenberg, Lance Berberian, Brian J Caveney, Kerrii B Anderson, Paul R Kirchgraber, Dwight Gary Gilliland, Mark S Schroeder, Amy B Summy, Jonathan P Divincenzo, Der Vaart Sandra D Van, Peter J Wilkinson, Peter M Neupert and R Sanders Williams.
View institutional ownership trends
.

Shares of LH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Laboratory Co. of America investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

Last Earnings
10/24/2024
Ex-Dividend for 12/13 Dividend
11/26/2024
Dividend Payable
12/13/2024
Today
12/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Medical laboratories
Sub-Industry
Health Care Services
CUSIP
50540R40
Employees
67,000
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$258.62
High Stock Price Target
$289.00
Low Stock Price Target
$230.00
Potential Upside/Downside
+13.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
16 Analysts

Profitability

Net Income
$418 million
Pretax Margin
4.94%

Debt

Sales & Book Value

Annual Sales
$12.71 billion
Cash Flow
$20.04 per share
Book Value
$92.76 per share

Miscellaneous

Free Float
82,928,000
Market Cap
$19.12 billion
Optionable
Optionable
Beta
1.05

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This page (NYSE:LH) was last updated on 12/21/2024 by MarketBeat.com Staff
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