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Laboratory Corporation of America Holdings (LH)
198.35  -9.59 (-4.61%)    04-25 16:00
Open: 204.77
High: 204.82
Volume: 2,087,145
  
Pre. Close: 207.94
Low: 196.11
Market Cap: 16,681(M)
Technical analysis
2024-04-25 4:44:18 PM
Short term     
Mid term     
Targets 6-month :  245.41 1-year :  255.4
Resists First :  210.11 Second :  218.66
Pivot price 204.95
Supports First :  196.27 Second :  163.3
MAs MA(5) :  203.76 MA(20) :  207.22
MA(100) :  217.87 MA(250) :  209.41
MACD MACD :  -3.1 Signal :  -3.1
%K %D K(14,3) :  43.4 D(3) :  42.2
RSI RSI(14): 33.7
52-week High :  234.08 Low :  179.58
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ LH ] has closed above bottom band by 9.1%. Bollinger Bands are 32.4% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 204.98 - 206.1 206.1 - 207.03
Low: 193.6 - 194.98 194.98 - 196.12
Close: 196.27 - 198.38 198.38 - 200.13
Company Description

Laboratory Corporation of America Holdings operates as a global 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 Labcorp Drug Development (DD). It 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. The company also provides specialty testing services comprising gene-based and esoteric testing; advanced tests target specific diseases, including anatomic pathology/oncology, cardiovascular disease, coagulation, diagnostic genetics, endocrinology, infectious disease, women's health, pharmacogenetics, and parentage and donor testing; and occupational testing services, medical drug monitoring services, chronic disease programs, and kidney stone prevention tests. It provides online and mobile applications to enable patients to check test results; and online applications for managed care organizations and accountable care organizations. It offers end-to-end drug development, medical device, and companion diagnostic development solutions from early-stage research to clinical development and commercial market access. It serves managed care organizations, pharmaceutical, biotechnology, medical device and diagnostics companies, governmental agencies, physicians and other healthcare providers, hospitals and health systems, employers, patients and consumers, contract research organizations, and independent clinical laboratories. Laboratory Corporation of America Holdings has a collaboration agreement with Tigerlily Foundation to increase clinical trial diversity for women of color. The company was incorporated in 1994 and is headquartered in Burlington, North Carolina.

Headline News

Thu, 25 Apr 2024
Adding to a Position on Weakness - TheStreet Pro - pro.thestreet.com

Thu, 25 Apr 2024
Labcorp (LH) Tops Q1 Earnings Estimates, Raises 2024 EPS View - Zacks Investment Research

Thu, 25 Apr 2024
Laboratory Corp of America Holdings (LH) Q1 Earnings: Surpasses Revenue Forecasts and Updates Full-Year Guidance - GuruFocus.com

Thu, 25 Apr 2024
Labcorp: Q1 Earnings Snapshot - WRAL News

Thu, 25 Apr 2024
Labcorp beats quarterly estimates on strong testing demand - Marketscreener.com

Thu, 25 Apr 2024
Labcorp Announces 2024 First Quarter Results - PR Newswire

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Healthcare
Industry:
Medical - Diagnostics & Research
Shares Out 84 (M)
Shares Float 84 (M)
Held by Insiders 0.3 (%)
Held by Institutions 98.9 (%)
Shares Short 1,920 (K)
Shares Short P.Month 2,130 (K)
Stock Financials
EPS 4.32
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 93.86
Profit Margin 3.4 %
Operating Margin 7.1 %
Return on Assets (ttm) 3.7 %
Return on Equity (ttm) 4.2 %
Qtrly Rev. Growth 3.5 %
Gross Profit (p.s.) 0
Sales Per Share 144.53
EBITDA (p.s.) 19.25
Qtrly Earnings Growth 0 %
Operating Cash Flow 1,330 (M)
Levered Free Cash Flow 1,350 (M)
Stock Valuations
PE Ratio 45.8
PEG Ratio 1.6
Price to Book value 2.11
Price to Sales 1.37
Price to Cash Flow 12.54
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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