Stock of the Day

April 17, 2020

Laboratory Co. of America (LH)

$252.20
-$2.17 (-0.9%)
Market Cap: $21.11B

About Laboratory Co. of America

Labcorp Holdings, Inc. engages in providing medical testing services. The company was founded on April 16, 2024 and is headquartered in Burlington, NC.

Laboratory Co. of America Bull Case

Here are some ways that investors could benefit from investing in Laboratory Co. of America Holdings:

  • The current stock price is around $248.62, which reflects a stable position in the market.
  • Laboratory Co. of America Holdings reported a quarterly revenue increase of 5.3% compared to the same quarter last year, indicating growth potential.
  • The company has a strong return on equity of 15.29%, suggesting effective management and profitability.
  • Analysts have a consensus rating of "Moderate Buy" with an average price target of approximately $272.92, indicating positive market sentiment.
  • The recent dividend announcement of $0.72 per share, with a yield of 1.16%, provides a steady income stream for investors.

Laboratory Co. of America Bear Case

Investors should be bearish about investing in Laboratory Co. of America Holdings for these reasons:

  • The company’s revenue for the last quarter was below analysts' expectations, which may raise concerns about future performance.
  • Insider selling activity, with 10,092 shares sold recently, could indicate a lack of confidence among executives.
  • The stock has a relatively high P/E ratio of 28.19, which may suggest that it is overvalued compared to its earnings.
  • Market volatility could impact the stock price, as evidenced by fluctuations in the past year.
  • With 95.94% of the stock owned by institutional investors, there may be less room for individual investors to influence the stock's direction.
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