Laboratory Stock Today

LH Stock  USD 209.54  0.33  0.16%   

Performance

0 of 100

 
Low
 
High
Very Weak

Odds Of Distress

Less than 6

 
100  
 
Zero
Low
Laboratory is trading at 209.54 as of the 19th of March 2024. This is a 0.16 percent increase since the beginning of the trading day. The stock's open price was 209.21. Laboratory has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Laboratory are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of March 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
29th of March 1990
Category
Healthcare
Classification
Health Care
Laboratory Corporation of America Holdings operates as a global life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. The company was incorporated in 1994 and is headquartered in Burlington, North Carolina. The company has 84.1 M outstanding shares of which 2.13 M shares are now sold short in the market by investors with about 2.67 days to cover all shorted shares. More on Laboratory

Moving together with Laboratory Stock

  0.79SSY SunLink Health SystemsPairCorr
  0.71TFX Teleflex Incorporated Financial Report 2nd of May 2024 PairCorr

Moving against Laboratory Stock

  0.7NYXH Nyxoah Upward RallyPairCorr
  0.68HIMS Hims Hers Health Buyout TrendPairCorr
  0.66SNDA Sonida Senior Living Report 4th of April 2024 PairCorr
  0.58RDNT RadNet Inc Financial Report 14th of May 2024 PairCorr
  0.57CAH Cardinal Health Financial Report 2nd of May 2024 PairCorr
  0.55VMD Viemed HealthcarePairCorr
  0.49A Agilent Technologies Financial Report 28th of May 2024 PairCorr

Laboratory Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Laboratory's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Laboratory or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Laboratory's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Laboratory's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEODeborah Tanner
Thematic IdeaHealthcare (View all Themes)
Business ConcentrationHealth Care Providers & Services, Health Care Equipment & Services, Health Care, NYSE Composite, Stock Exchange Of, SP 500 Index, SET100 Index, SET50 Index, SET Total Return, Healthcare, Health Care, Health Care Providers & Services, Diagnostics & Research, Healthcare (View all Sectors)
Excise Tax ActivitiesAnimal Testing
Average Analyst Recommendation
Analysts covering Laboratory report their recommendations after researching Laboratory's financial statements, talking to executives and customers, or listening in on Laboratory's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Laboratory. The Laboratory consensus assessment is calculated by taking the average forecast from all of the analysts covering Laboratory.
Financial Strength
Based on the key measurements obtained from Laboratory's financial statements, Laboratory may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Laboratory is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.02370.025
Notably Down
Slightly volatile
Asset Turnover1.010.7271
Significantly Up
Slightly volatile
Gross Profit Margin0.420.2586
Way Up
Slightly volatile
Total Current Liabilities3.4 B3.2 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total3.1 B5.6 B
Way Down
Slightly volatile
Total Assets17.6 B16.7 B
Sufficiently Up
Slightly volatile
Total Current AssetsB3.8 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities801.6 M1.3 B
Way Down
Slightly volatile
Laboratory's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Laboratory's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Laboratory's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Laboratory's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Laboratory's financial leverage. It provides some insight into what part of Laboratory's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Laboratory's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Laboratory deploys its capital and how much of that capital is borrowed.
Liquidity
Laboratory cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 5.95 B of total liabilities with total debt to equity ratio (D/E) of 0.63, which is normal for its line of buisiness. Laboratory has a current ratio of 1.7, which is generally considered normal. Debt can assist Laboratory until it has trouble settling it off, either with new capital or with free cash flow. So, Laboratory's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Laboratory sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Laboratory to invest in growth at high rates of return. When we think about Laboratory's use of debt, we should always consider it together with cash and equity.

Begin Period Cash Flow

265.84 Million
Laboratory (LH) is traded on New York Stock Exchange in USA. It is located in 358 South Main Street, Burlington, NC, United States, 27215 and employs 56,950 people. Laboratory is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a market capitalization of 17.57 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Laboratory's market, we take the total number of its shares issued and multiply it by Laboratory's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Laboratory is active under Health Care Providers & Services sector as part of Health Care industry. The entity has 84.1 M outstanding shares of which 2.13 M shares are now sold short in the market by investors with about 2.67 days to cover all shorted shares. Laboratory reports about 430 M in cash with 1.33 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.63.
Check Laboratory Probability Of Bankruptcy
Ownership Allocation
Laboratory maintains a total of 84.1 Million outstanding shares. The majority of Laboratory outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Laboratory to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Laboratory. Please pay attention to any change in the institutional holdings of Laboratory as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Laboratory Ownership Details

Laboratory Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Laboratory jumping above the current price in 90 days from now is close to 99%. The Laboratory probability density function shows the probability of Laboratory stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 1.063. This indicates Laboratory market returns are responsive to returns on the market. As the market goes up or down, Laboratory is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Laboratory is significantly underperforming NYSE Composite.
  Odds Below 209.54HorizonTargetOdds Above 209.54
0.63%90 days
 209.54 
99.35%
Based on a normal probability distribution, the odds of Laboratory to move above the current price in 90 days from now is close to 99 (This Laboratory probability density function shows the probability of Laboratory Stock to fall within a particular range of prices over 90 days) .

Laboratory Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Laboratory that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Laboratory's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Laboratory's value.
InstituionRecorded OnShares
Norges Bank2023-12-31
1.3 M
Bank Of America Corp2023-12-31
1.3 M
Ubs Asset Mgmt Americas Inc2023-12-31
1.2 M
Northern Trust Corp2023-12-31
1.2 M
Veritas Investment Partners (uk) Ltd.2023-12-31
1.1 M
Amvescap Plc.2023-12-31
1.1 M
Fmr Inc2023-12-31
1.1 M
Allspring Global Investments Holdings, Llc2023-12-31
M
Nuveen Asset Management, Llc2023-12-31
920.5 K
Blackrock Inc2023-12-31
10.5 M
Vanguard Group Inc2023-12-31
9.7 M
View Laboratory Diagnostics

Laboratory Historical Income Statement

Laboratory Income Statement is one of the three primary financial statements used for reporting Laboratory's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Laboratory revenue and expense. Laboratory Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Laboratory's Other Operating Expenses is increasing as compared to previous years. The Laboratory's current Cost Of Revenue is estimated to increase to about 9.5 B, while Gross Profit is projected to decrease to under 1.9 B. View More Fundamentals

Laboratory Stock Against Markets

Picking the right benchmark for Laboratory stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Laboratory stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Laboratory is critical whether you are bullish or bearish towards Laboratory at a given time. Please also check how Laboratory's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Laboratory without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Watchlist Optimization Now

   

Watchlist Optimization

Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
All  Next Launch Module

Laboratory Corporate Directors

Laboratory corporate directors refer to members of a Laboratory board of directors. The board of directors generally takes responsibility for the Laboratory's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Laboratory's board members must vote for the resolution. The Laboratory board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Sanders WilliamsIndependent DirectorProfile
Kerrii AndersonIndependent DirectorProfile
JeanLuc BelingardIndependent DirectorProfile
Peter NeupertLead Independent DirectorProfile

How to buy Laboratory Stock?

Before investing in Laboratory, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Laboratory. To buy Laboratory stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Laboratory. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Laboratory stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Laboratory stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Laboratory stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Laboratory, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Laboratory Stock please use our How to Invest in Laboratory guide.

Already Invested in Laboratory?

The danger of trading Laboratory is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Laboratory is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Laboratory. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Laboratory is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Laboratory offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Laboratory's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Laboratory Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Laboratory Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Laboratory. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
For more detail on how to invest in Laboratory Stock please use our How to Invest in Laboratory guide.
Note that the Laboratory information on this page should be used as a complementary analysis to other Laboratory's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Laboratory Stock analysis

When running Laboratory's price analysis, check to measure Laboratory's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Laboratory is operating at the current time. Most of Laboratory's value examination focuses on studying past and present price action to predict the probability of Laboratory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Laboratory's price. Additionally, you may evaluate how the addition of Laboratory to your portfolios can decrease your overall portfolio volatility.
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Bonds Directory
Find actively traded corporate debentures issued by US companies
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Is Laboratory's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Laboratory. If investors know Laboratory will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Laboratory listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.46)
Dividend Share
2.88
Earnings Share
4.33
Revenue Per Share
139.628
Quarterly Revenue Growth
0.035
The market value of Laboratory is measured differently than its book value, which is the value of Laboratory that is recorded on the company's balance sheet. Investors also form their own opinion of Laboratory's value that differs from its market value or its book value, called intrinsic value, which is Laboratory's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Laboratory's market value can be influenced by many factors that don't directly affect Laboratory's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Laboratory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laboratory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.