Labcorp Holdings Inc [LH] stock prices are up 0.91% to $234.10 at the moment. 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 2.16% over the last week, with a monthly amount drifted -0.19%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Labcorp Holdings Inc [NYSE: LH] stock has seen the most recent analyst activity on January 07, 2025, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $265 from $260. On October 30, 2024, upgrade upgraded it’s rating to Buy. Piper Sandler started tracking the stock assigning a Neutral rating and suggested a price target of $235 on October 01, 2024. Argus upgraded its rating to a Buy but $250 remained the price target by the analyst firm on March 25, 2024. Leerink Partners started tracking with a Outperform rating for this stock on February 26, 2024, and assigned it a price target of $260. In a note dated February 09, 2024, Evercore ISI initiated an In-line rating and provided a target price of $240 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 $234.10 at the most recent close of the market. An investor can expect a potential return of 10.29% 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 231.46 points at the first support level, and at 228.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 236.55, and for the 2nd resistance point, it is at 239.00.
Ratios To Look Out For
It’s worth pointing out that Labcorp Holdings Inc [NYSE:LH]’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 1.54, the price to book ratio is 2.40 and price to earnings (TTM) ratio is 45.33.
Transactions by insiders
Recent insider trading involved ANDERSON KERRII B, Director, that happened on Jan 07 ’25 when 1000.0 shares were sold. Director, KERRII B ANDERSON completed a deal on Jan 07 ’25 to buy 1000.0 shares. Meanwhile, Executive Vice President EISENBERG GLENN A sold 11711.0 shares on Dec 02 ’24.
