Labcorp Holdings Inc [LH] stock prices are up 0.29% to $226.97 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LH shares have lost -2.10% over the last week, with a monthly amount drifted -3.92%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, HSBC Securities upgraded its rating to Buy on October 30, 2024. On October 01, 2024, Piper Sandler initiated with a Neutral rating and assigned a price target of $235 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $250 on March 25, 2024. Leerink Partners initiated its recommendation with a Outperform and recommended $260 as its price target on February 26, 2024. Evercore ISI started tracking with a In-line rating for this stock on February 09, 2024, and assigned it a price target of $240. In a note dated January 03, 2024, Barclays initiated an Equal Weight rating and provided a target price of $222 on this stock.
The stock price of Labcorp Holdings Inc [LH] has been fluctuating between $191.97 and $247.99 over the past year. Currently, Wall Street analysts expect the stock to reach $258.2 within the next 12 months. Labcorp Holdings Inc [NYSE: LH] shares were valued at $226.97 at the most recent close of the market. An investor can expect a potential return of 13.76% based on the average LH price forecast.
Analyzing the LH fundamentals
The Labcorp Holdings Inc [NYSE:LH] reported sales of 12.71B for trailing twelve months, representing a surge 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 225.26 points at the first support level, and at 223.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 228.57, and for the 2nd resistance point, it is at 230.18.
Ratios To Look Out For
It’s worth pointing out that Labcorp Holdings Inc [NYSE:LH]’s Current Ratio is 1.44. As well, the Quick Ratio is 1.30, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 1.49, the price to book ratio is 2.33 and price to earnings (TTM) ratio is 43.94.
Transactions by insiders
Recent insider trading involved EISENBERG GLENN A, Executive Vice President, that happened on Dec 02 ’24 when 11711.0 shares were sold. Director, Gilliland Dwight Gary completed a deal on Dec 02 ’24 to sell 1000.0 shares. Meanwhile, Officer EISENBERG GLENN A bought 11711.0 shares on Dec 02 ’24.
