Currently, there are 83.90M common shares owned by the public and among those 83.67M shares have been available to trade.
The company’s stock has a 5-day price change of -0.43% and 17.95% over the past three months. LH shares are trading 1.14% year to date (YTD), with the 12-month market performance up to 8.25% higher. It has a 12-month low price of $191.97 and touched a high of $238.46 over the same period. LH has an average intraday trading volume of 604.99K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.17%, 6.39%, and 7.45% respectively.
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Institutional ownership of Labcorp Holdings Inc. (NYSE: LH) shares accounts for 96.41% of the company’s 83.90M shares outstanding.
It has a market capitalization of $19.30B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 43.66, while the earnings-per-share (ttm) stands at $5.27. The company has a PEG of 4.73 and a Quick Ratio of 0.77 with the debt-to-equity ratio at 0.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.43% over the week and 1.89% over the month.
Earnings per share for the fiscal year are expected to increase by 7.96%, and 8.55% over the next financial year. EPS should grow at an annualized rate of 9.23% over the next five years, compared to -11.14% over the past 5-year period.
Looking at the support for the LH, a number of firms have released research notes about the stock. Argus stated their Buy rating for the stock in a research note on March 25, 2024, with the firm’s price target at $250. Leerink Partners coverage for the Labcorp Holdings Inc. (LH) stock in a research note released on February 26, 2024 offered a Outperform rating with a price target of $260. Evercore ISI was of a view on February 09, 2024 that the stock is In-line, while Barclays gave the stock Equal Weight rating on January 03, 2024, issuing a price target of $222. HSBC Securities on their part issued Hold rating on September 06, 2023.
