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In the latest session, Labcorp Holdings Inc. (NYSE: LH) closed at $224.56 up 1.46% from its previous closing price of $221.33. In other words, the price has increased by $1.46 from its previous closing price. On the day, 0.61 million shares were traded. LH stock price reached its highest trading level at $225.1 during the session, while it also had its lowest trading level at $220.22.
Ratios:
For a deeper understanding of Labcorp Holdings Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 71.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.12. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 0.88. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.47.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $260.
On February 09, 2024, Evercore ISI started tracking the stock assigning a In-line rating and target price of $240.Evercore ISI initiated its In-line rating on February 09, 2024, with a $240 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 15 ’24 when EISENBERG GLENN A bought 15,000 shares for $223.99 per share.
ANDERSON KERRII B sold 586 shares of LH for $131,850 on Aug 08 ’24. The Director now owns 14,722 shares after completing the transaction at $225.00 per share. On Aug 07 ’24, another insider, ANDERSON KERRII B, who serves as the Director of the company, sold 414 shares for $225.00 each. As a result, the insider received 93,150 and left with 15,308 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, LH now has a Market Capitalization of 18854797312 and an Enterprise Value of 24388292608. As of this moment, Labcorp’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.64, and their Forward P/E ratio for the next fiscal year is 14.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.51 while its Price-to-Book (P/B) ratio in mrq is 2.35. Its current Enterprise Value per Revenue stands at 1.953 whereas that against EBITDA is 14.729.
Stock Price History:
Over the past 52 weeks, LH has reached a high of $238.46, while it has fallen to a 52-week low of $191.97. The 50-Day Moving Average of the stock is 7.20%, while the 200-Day Moving Average is calculated to be 5.62%.
Shares Statistics:
For the past three months, LH has traded an average of 662.12K shares per day and 808730 over the past ten days. A total of 83.90M shares are outstanding, with a floating share count of 83.65M. Insiders hold about 0.37% of the company’s shares, while institutions hold 96.64% stake in the company. Shares short for LH as of 1722384000 were 1889605 with a Short Ratio of 2.85, compared to 1719532800 on 1940449. Therefore, it implies a Short% of Shares Outstanding of 1889605 and a Short% of Float of 3.01.
Dividends & Splits
According to the company, the forward annual dividend rate for LH is 2.16, from 2.88 in the trailing year. Against a Trailing Annual Dividend Yield of 0.013012244
