Labcorp Holdings Inc. which can be found using ticker (LH) now have 14 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $262.00 and $210.00 with the average target price sitting at $239.29. Given that the stocks previous close was at $201.56 and the analysts are correct then we can expect a percentage increase in value of 18.7%. Also worth taking note is the 50 day moving average now sits at $202.04 and the 200 day MA is $210.64. The total market capitalization for the company now stands at 17.41B. The stock price is currently at: $206.50 USD
The potential market cap would be $20,664,973,089 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 44.03, revenue per share of $142.99 and a 3.76% return on assets.
Laboratory Corporation of America Holdings is a global life sciences company. The Company provides information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make decisions. The Company’s segments include Labcorp Diagnostics (Dx) and Labcorp Drug Development (DD). The Dx segment is an independent clinical laboratory business. It offers a menu of frequently requested and specialty diagnostic tests through an integrated network of primary and specialty laboratories across the United States. In addition to diagnostic testing along with occupational and wellness testing for employers and forensic DNA analysis, Dx segment also offers a range of other testing services. The DD segment is a contract research organizations business that provides end-to-end drug development services. The DD segment provides these services predominantly to pharmaceutical, biotechnology and medical device companies across the world. It serves clients in more than 100 countries.
