Labcorp Holdings Inc [LH] stock is trading at $246.22, up 0.80%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LH shares have gain 5.05% over the last week, with a monthly amount glided 13.63%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Labcorp Holdings Inc [NYSE: LH] stock has seen the most recent analyst activity on October 30, 2024, when HSBC Securities upgraded its rating to a Buy. Previously, Piper Sandler started tracking the stock with Neutral rating on October 01, 2024, and set its price target to $235. On March 25, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $250 on the stock. Leerink Partners started tracking the stock assigning a Outperform rating and suggested a price target of $260 on February 26, 2024. Evercore ISI initiated its recommendation with a In-line and recommended $240 as its price target on February 09, 2024. Barclays started tracking with a Equal Weight rating for this stock on January 03, 2024, and assigned it a price target of $222. In a note dated September 06, 2023, HSBC Securities initiated an Hold rating and provided a target price of $210 on this stock.
Labcorp Holdings Inc [LH] stock has fluctuated between $191.97 and $247.99 over the past year. Currently, Wall Street analysts expect the stock to reach $281.25 within the next 12 months. Labcorp Holdings Inc [NYSE: LH] shares were valued at $246.22 at the most recent close of the market. An investor can expect a potential return of 14.23% based on the average LH price forecast.
Analyzing the LH fundamentals
Labcorp Holdings Inc [NYSE:LH] reported sales of 12.71B for the trailing twelve months, which represents a growth of 7.37%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 244.53 points at the first support level, and at 242.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 247.54, and for the 2nd resistance point, it is at 248.87.
Ratios To Look Out For
For context, Labcorp Holdings Inc’s Current Ratio is 1.44. In addition, the Quick Ratio stands at 1.30 and the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 2.52 and price to earnings (TTM) ratio is 47.67.
Transactions by insiders
Recent insider trading involved Schechter Adam H, President & CEO, that happened on Nov 11 ’24 when 6189.0 shares were sold. Officer, Schechter Adam H completed a deal on Nov 11 ’24 to buy 6189.0 shares. Meanwhile, Director ANDERSON KERRII B sold 1000.0 shares on Oct 24 ’24.
