Shares of Laboratory Corp. of America Holdings (NYSE:LH) have earned an average rating of “Hold” from the twenty-one brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $178.36.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Laboratory Corp. of America from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Thursday, May 16th. Mizuho upped their price target on shares of Laboratory Corp. of America from $150.00 to $174.00 and gave the stock a “neutral” rating in a research note on Monday, May 20th. TheStreet raised shares of Laboratory Corp. of America from a “c+” rating to a “b-” rating in a research note on Friday, May 3rd. Canaccord Genuity upped their price target on shares of Laboratory Corp. of America from $155.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Finally, Citigroup upped their price target on shares of Laboratory Corp. of America from $157.00 to $176.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st.
In related news, Director R Sanders Williams sold 500 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $162.20, for a total value of $81,100.00. Following the completion of the sale, the director now directly owns 7,386 shares in the company, valued at $1,198,009.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Glenn A. Eisenberg sold 10,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $167.40, for a total transaction of $1,674,000.00. Following the completion of the sale, the chief financial officer now owns 28,366 shares of the company’s stock, valued at $4,748,468.40. The disclosure for this sale can be found here. Insiders sold 18,200 shares of company stock valued at $3,026,410 over the last quarter. 0.74% of the stock is currently owned by corporate insiders.
Shares of NYSE LH traded down $0.14 during mid-day trading on Wednesday, reaching $166.47. The company had a trading volume of 683,200 shares, compared to its average volume of 826,871. Laboratory Corp. of America has a twelve month low of $119.38 and a twelve month high of $190.07. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $16.62 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.
Laboratory Corp. of America (NYSE:LH) last posted its quarterly earnings results on Tuesday, April 30th. The medical research company reported $2.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.09. Laboratory Corp. of America had a net margin of 8.59% and a return on equity of 16.59%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the business posted $2.78 earnings per share. Laboratory Corp. of America’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, analysts predict that Laboratory Corp. of America will post 11.27 EPS for the current year.
About Laboratory Corp. of America
Laboratory Corporation of America Holdings operates as an independent clinical laboratory company worldwide. It operates in two segments, LabCorp Diagnostics (LCD) and Covance Drug Development. It offers various clinical laboratory tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, Pap tests, hemoglobin A1C and vitamin D products, prostate-specific antigens, tests for sexually-transmitted diseases, hepatitis C tests, microbiology cultures and procedures, and alcohol and other substance-abuse tests.
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