Laboratory Corp. of America Holdings (NYSE:LH) has received a consensus rating of “Buy” from the eighteen research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $180.73.
LH has been the subject of a number of recent analyst reports. Barclays reiterated a “buy” rating and issued a $195.00 target price on shares of Laboratory Corp. of America in a research note on Wednesday, December 13th. ValuEngine upgraded shares of Laboratory Corp. of America from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Deutsche Bank lifted their target price on shares of Laboratory Corp. of America from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Craig Hallum reiterated a “buy” rating and issued a $180.00 target price (up from $175.00) on shares of Laboratory Corp. of America in a research note on Thursday, October 26th. Finally, Goldman Sachs Group initiated coverage on shares of Laboratory Corp. of America in a research note on Monday, January 29th. They issued a “buy” rating and a $205.00 target price for the company.
In other Laboratory Corp. of America news, Director Adam H. Schechter sold 1,263 shares of Laboratory Corp. of America stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $169.29, for a total transaction of $213,813.27. Following the completion of the sale, the director now directly owns 7,297 shares in the company, valued at approximately $1,235,309.13. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.
Laboratory Corp. of America (NYSE:LH) opened at $171.01 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.20. Laboratory Corp. of America has a 12-month low of $134.10 and a 12-month high of $181.71. The stock has a market cap of $17,520.00, a P/E ratio of 13.99, a PEG ratio of 1.47 and a beta of 0.92.
Laboratory Corp. of America (NYSE:LH) last released its earnings results on Tuesday, February 6th. The medical research company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.07. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Laboratory Corp. of America had a net margin of 12.15% and a return on equity of 16.30%. Laboratory Corp. of America’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business earned $2.15 EPS. research analysts forecast that Laboratory Corp. of America will post 11.53 earnings per share for the current year.
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About Laboratory Corp. of America
Laboratory Corporation of America Holdings is a life sciences company that is integrated in guiding patient care, providing clinical laboratory and end-to-end drug development services. The Company operates as a healthcare diagnostics company. The Company operates through two segments: LabCorp Diagnostics (LCD) and Covance Drug Development (CDD).
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