Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Quest Diagnostics, Inc.’s stock clocked out at $136.14, down -0.58% from its previous closing price of $136.94. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 0.61 million shares were traded. DGX stock price reached its highest trading level at $137.7 during the session, while it also had its lowest trading level at $136.1.
Ratios:
To gain a deeper understanding of DGX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.97. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on February 26, 2024, initiated with a Market Perform rating and assigned the stock a target price of $135.
On February 07, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $140 to $155.
On January 03, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $145.Barclays initiated its Equal Weight rating on January 03, 2024, with a $145 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 29 ’24 when KUPPUSAMY KARTHIK sold 1,760 shares for $140.00 per share. The transaction valued at 246,400 led to the insider holds 13,435 shares of the business.
PREVOZNIK MICHAEL E sold 5,611 shares of DGX for $706,313 on Feb 29 ’24. The SVP & General Counsel now owns 38,478 shares after completing the transaction at $125.88 per share. On Feb 29 ’24, another insider, Doherty Catherine T., who serves as the EVP, Regional Businesses of the company, sold 1,187 shares for $125.88 each. As a result, the insider received 149,420 and left with 68,412 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DGX now has a Market Capitalization of 15124065280 and an Enterprise Value of 20204879872. As of this moment, Quest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.32, and their Forward P/E ratio for the next fiscal year is 14.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 2.35. Its current Enterprise Value per Revenue stands at 2.176 whereas that against EBITDA is 11.383.
Stock Price History:
Over the past 52 weeks, DGX has reached a high of $145.58, while it has fallen to a 52-week low of $119.59. The 50-Day Moving Average of the stock is 4.24%, while the 200-Day Moving Average is calculated to be 3.89%.
Shares Statistics:
It appears that DGX traded 990.05K shares on average per day over the past three months and 1044240 shares per day over the past ten days. A total of 111.00M shares are outstanding, with a floating share count of 110.60M. Insiders hold about 0.44% of the company’s shares, while institutions hold 90.88% stake in the company. Shares short for DGX as of 1713139200 were 3024326 with a Short Ratio of 3.05, compared to 1710460800 on 2649205. Therefore, it implies a Short% of Shares Outstanding of 3024326 and a Short% of Float of 3.11.
Dividends & Splits
With its trailing 12-month dividend rate of 2.88, DGX has a forward annual dividend rate of 2.88. Against a Trailing Annual Dividend Yield of 0.02103111The stock’s 5-year Average Dividend Yield is 1.91.
