NYSE:LH

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

$203.07
+1.59 (+0.79%)
(As of 04/22/2024 ET)
Today's Range
$200.67
$203.89
50-Day Range
$199.44
$228.11
52-Week Range
$174.20
$234.09
Volume
685,860 shs
Average Volume
736,427 shs
Market Capitalization
$17.08 billion
P/E Ratio
43.48
Dividend Yield
1.42%
Price Target
$243.50

Laboratory Co. of America MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
19.9% Upside
$243.50 Price Target
Short Interest
Healthy
2.29% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.78mentions of Laboratory Co. of America in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$11.76 M Sold Last Quarter
Proj. Earnings Growth
7.88%
From $14.84 to $16.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Medical Sector

57th out of 910 stocks

Medical Laboratories Industry

2nd out of 20 stocks

LH stock logo

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

Laboratory Corporation of America Holdings operates as a life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. It operates in two segments, Labcorp Diagnostics (Dx) and Biopharma Laboratory Services (BLS). The company offers various tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, PAP tests, hemoglobin A1C and vitamin D, prostate-specific antigens, tests for sexually transmitted diseases, hepatitis C tests, 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), including health fairs, on-site and at-home testing, vaccinations, and health screenings. 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; and drug development, medical device, and companion diagnostic development solutions from early-stage research to clinical development, 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 incorporated in 1994 and is headquartered in Burlington, North Carolina.

LH Stock Price History

LH Stock News Headlines

How a 1% Dividend Equals 68% Yearly Gains
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
Laboratory Corp. of America Holdings
Laboratory Corporation of America Holdings (LH)
Laboratory Co. of America (LH) to Release Earnings on Thursday
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
Labcorp Declares Quarterly Dividend
Labcorp Says FDA Grants EUA For Mpox PCR Test Home Collection Kit
Labcorp To Acquire Select Assets Of BioReference Health - Quick Facts
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Ex-Dividend for 3/13 Dividend
2/26/2024
Dividend Payable
3/13/2024
Today
4/22/2024
Next Earnings (Confirmed)
4/25/2024
Ex-Dividend for 6/12 Dividend
5/24/2024
Dividend Payable
6/12/2024
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
$243.50
High Stock Price Target
$270.00
Low Stock Price Target
$210.00
Potential Upside/Downside
+19.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
14 Analysts

Profitability

Net Income
$418 million
Pretax Margin
4.68%

Debt

Sales & Book Value

Annual Sales
$12.16 billion
Cash Flow
$20.49 per share
Book Value
$92.76 per share

Miscellaneous

Free Float
83,411,000
Market Cap
$17.08 billion
Optionable
Optionable
Beta
1.01

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Should I Buy Laboratory Co. of America Stock? LH Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Laboratory Co. of America Holdings:

  • Strong Stock Performance: Laboratory Co. of America Holdings has shown a consistent uptrend in its stock price, with a 12-month high of $234.09, indicating positive investor sentiment.
  • Positive Earnings Growth: The company reported $3.30 EPS for the last quarter, surpassing analyst estimates, showcasing strong financial performance.
  • Analyst Ratings: Laboratory Co. of America has received favorable ratings from analysts, with a consensus rating of "Moderate Buy" and a target price of $243.50, indicating growth potential.
  • Institutional Investor Interest: Notable institutional investors like SG Americas Securities LLC and Pallas Capital Advisors LLC have increased their stakes in the company, reflecting confidence in its future prospects.
  • Diverse Revenue Streams: With a revenue of $3.03 billion in the last quarter, Laboratory Co. of America has demonstrated resilience and stability in its revenue generation.

Cons

Investors should be bearish about investing in Laboratory Co. of America Holdings for these reasons:

  • Market Volatility: The stock has a beta of 1.02, indicating sensitivity to market fluctuations, which may pose risks to investors during turbulent market conditions.
  • Decreasing Revenue: The company experienced a 17.5% decline in quarterly revenue on a year-over-year basis, signaling potential challenges in revenue growth.
  • High Price-to-Earnings Ratio: With a P/E ratio of 46.78, the stock may be considered overvalued compared to industry peers, potentially limiting upside potential.
  • Debt Levels: Laboratory Co. of America has a debt-to-equity ratio of 0.52, which could raise concerns about the company's financial leverage and ability to manage debt obligations.
  • Competitive Landscape: The medical research industry is highly competitive, and Laboratory Co. of America may face challenges in maintaining market share and profitability amidst competition.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Laboratory Co. of America pros and cons to contact@marketbeat.com.

LH Stock Analysis - Frequently Asked Questions

Should I buy or sell Laboratory Co. of America stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laboratory Co. of America in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LH shares.
View LH analyst ratings
or view top-rated stocks.

What is Laboratory Co. of America's stock price target for 2024?

14 brokerages have issued 12-month price objectives for Laboratory Co. of America's shares. Their LH share price targets range from $210.00 to $270.00. On average, they expect the company's stock price to reach $243.50 in the next twelve months. This suggests a possible upside of 19.9% from the stock's current price.
View analysts price targets for LH
or view top-rated stocks among Wall Street analysts.

How have LH shares performed in 2024?

Laboratory Co. of America's stock was trading at $227.29 at the beginning of 2024. Since then, LH shares have decreased by 10.7% and is now trading at $203.07.
View the best growth stocks for 2024 here
.

When is Laboratory Co. of America's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our LH earnings forecast
.

How can I listen to Laboratory Co. of America's earnings call?

Laboratory Co. of America will be holding an earnings conference call on Thursday, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Laboratory Co. of America's earnings last quarter?

Laboratory Co. of America Holdings (NYSE:LH) issued its quarterly earnings data on Thursday, February, 15th. The medical research company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.29 by $0.01. The medical research company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.02 billion. Laboratory Co. of America had a net margin of 3.24% and a trailing twelve-month return on equity of 13.99%. Laboratory Co. of America's revenue for the quarter was down 17.5% on a year-over-year basis. During the same period last year, the business posted $4.14 EPS.
Read the conference call transcript
.

How often does Laboratory Co. of America pay dividends? What is the dividend yield for Laboratory Co. of America?

Laboratory Co. of America announced a quarterly dividend on Thursday, April 11th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.72 per share on Wednesday, June 12th. This represents a $2.88 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, May 24th.
Read our dividend analysis for LH
.

Is Laboratory Co. of America a good dividend stock?

Laboratory Co. of America (NYSE:LH) pays an annual dividend of $2.88 per share and currently has a dividend yield of 1.43%. The dividend payout ratio is 61.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LH will have a dividend payout ratio of 17.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LH.

What guidance has Laboratory Co. of America issued on next quarter's earnings?

Laboratory Co. of America issued an update on its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share (EPS) guidance of 14.300-15.400 for the period, compared to the consensus EPS estimate of 14.600. The company issued revenue guidance of $12.7 billion-$13.0 billion, compared to the consensus revenue estimate of $12.6 billion.

What is Adam Schechter's approval rating as Laboratory Co. of America's CEO?

143 employees have rated Laboratory Co. of America Chief Executive Officer Adam Schechter on Glassdoor.com. Adam Schechter has an approval rating of 73% among the company's employees.

What other stocks do shareholders of Laboratory Co. of America own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Laboratory Co. of America investors own include Gilead Sciences (GILD), Micron Technology (MU), Intel (INTC), Pfizer (PFE), Johnson & Johnson (JNJ), NVIDIA (NVDA), Abbott Laboratories (abt), AbbVie (ABBV), Alibaba Group (BABA) and Amgen (AMGN).

Who are Laboratory Co. of America's major shareholders?

Laboratory Co. of America's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.92%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), AMI Asset Management Corp (0.26%), Raymond James & Associates (0.14%), Leeward Investments LLC MA (0.09%) and American National Bank (0.05%). Insiders that own company stock include Amy B Summy, Brian J Caveney, Der Vaart Sandra D Van, Dwight Gary Gilliland, Glenn A Eisenberg, Jean-Luc Belingard, Jonathan P Divincenzo, Kerrii B Anderson, Mark S Schroeder, Paul R Kirchgraber, Peter J Wilkinson, Peter M Neupert and R Sanders Williams.
View institutional ownership trends
.

How do I buy shares of Laboratory Co. of America?

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.

Does Laboratory Co. of America have any subsidiaries?
The following companies are subsidiares of Laboratory Co. of America: 1957285 Ontario Inc. dba Quality Underwriting Services, 2089729 Ontario Inc., 2248848 Ontario Inc., 3065619 Nova Scotia Company, 3257959 Nova Scotia Company, 8165335 Canada Inc., 8348596 Canada Inc., 896988 Ontario Limited, 9279-3280 Quebec Inc., Accupath Diagnostic Laboratories Inc., Assets of Pathology Inc, Beacon LBS IPA Inc., Beacon Laboratory Benefit Solutions Inc., CannAmm GP Inc., CannAmm Limited Partnership, Center for Disease Detection International, Center for Disease Detection LLC, Centrex Clinical Laboratories Inc., Chiltern, Clearstone Central Laboratories (U.S.) Inc., Clearstone Holdings (International) Ltd., Clinical Outreach Laboratory Services, Clipper Holdings Inc., Colorado Coagulation Consultants Inc., Colorado Laboratory Services LLC, Correlagen Diagnostics Inc., Covance Inc., Curalab Inc., Cytometry Associates Inc., Czura Thornton (Hong Kong) Limited, DCL Acquisition Inc., DCL Medical Laboratories LLC, DCL Sub LLC, DIANON Systems Inc., DL Holdings Limited Partnership, Decision Diagnostics L.L.C. (aka DaVinici/Medicorp LLC), Diagnostic Services Inc., DynaLifeDX, Dynacare - Gamma Laboratory Partnership, Dynacare Company, Dynacare G.P. Inc., Dynacare Holdco LLC, Dynacare Laboratories Inc., Dynacare Laboratories Limited Partnership, Dynacare Northwest Inc., Dynacare Realty Inc., DynalifeDX Infrastructure Inc., Envigo's nonclinical contract research services business, Esoterix Genetic Counseling LLC, Esoterix Genetic Laboratories LLC, Esoterix Inc., Execmed Health Services Inc., FirstSource Laboratory Solutions Inc., GDML Medical Laboratories Inc, Gamma Dynacare Central Medical Laboratories GP Inc., Gamma Dynacare Central Medical Laboratory Limited Partnership, HHLA Lab-In-An-Envelope LLC, Health Testing Centers Inc., Health Trans Services Inc., Home Healthcare Laboratory of America LLC, IDX Pathology Inc., Impact Genetics Corporation, Impact Genetics Inc., Kaleida LabCorp LLC, Lab Delivery Service of New York City Inc., LabCorp BVBA, LabCorp Belgium Holdings Inc., LabCorp Central Laboratories (Canada) Inc., LabCorp Central Laboratories (China) Inc., LabCorp Colorado Inc., LabCorp Development Company, LabCorp Employer Services Inc., LabCorp Health System Diagnostics LLC, LabCorp Indiana Inc., LabCorp Japan G.K., LabCorp Limited, LabCorp Michigan Inc., LabCorp Nebraska Inc., LabCorp Neon Ltd., LabCorp Neon Switzerland S.à.r.l., LabCorp Specialty Testing Billing Service Inc., LabCorp Specialty Testing Group Inc., LabCorp Staffing Solutions Inc., LabCorp Tennessee LLC, LabCorp UK Holdings Ltd., LabWest Inc., Laboratoire Bio-Medic Inc., Laboratory Corporation of America, Lifecodes Corporation, LipoScience Inc., Litholink Corporation, MEDTOX Scientific Inc., MNG Laboratories, MedAxio Insurance Medical Services GP Inc., MedAxio Insurance Medical Services LP, Medical Neurogenitics LLC, Medtox Diagnostics Inc., Medtox Laboratories Inc., Monogram Biosciences Inc., Monogram Biosciences UK Limited, Myriad Autoimmune’s Vectra Testing Business, NWT Inc., National Genetics Institute, New Brighton Business Center LLC, New Imaging Diagnostics LLC, New Molecular Diagnostics Ventures LLC, Orchid Cellmark ULC, Ovia Health, PA Labs Inc., Paclab LLC, Path Lab Incorporated, Pathology Associates Medical Lab LLC, Pee Dee Pathology Associates Inc., Personal Genome Diagnostics Inc., Persys Technology Inc., Pixel by LabCorp, Princeton Diagnostic Laboratories of America Inc., Protedyne Corporation, SW/DL LLC, Saint Josephs-PAML LLC, Sequenom Biosciences (India) Pvt. Ltd., Sequenom Inc, Sequenom Inc., Tandem Labs Inc., Toxikon Corporation, Tri-Cities Laboratory LLC, Viro-Med Laboratories Inc., Visiun, and Yakima Medical Arts Inc..
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This page (NYSE:LH) was last updated on 4/22/2024 by MarketBeat.com Staff

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