Laboratory Stock Today

LH -  USA Stock  

USD 296.15  1.49  0.51%

Laboratory Corp is trading at 296.15 as of the 30th of July 2021. This is a 0.51% increase since the beginning of the trading day. The stock's open price was 294.66. Laboratory Corp has a very small chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Laboratory Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of January 2021 and ending today, the 30th of July 2021. Click here to learn more.
 Market Performance
10 of 100
  Odds Of Distress
Less than 1

Laboratory Corp Stock Profile

The next earnings report is expected on the 26th of October 2021. The stock is in a buyout trend. Laboratory Corporation of America Holdings operates as an independent clinical laboratory company worldwide. The company was founded in 1971 and is headquartered in Burlington, North Carolina. Laboratory Corp operates under Diagnostics Research classification in the United States and is traded on New York Stock Exchange. It employs 70000 people. more on Laboratory Corp
Laboratory Corp is unlikely to experience financial distress in the next 2 years
Over 94.0% of the company shares are owned by institutional investors
Latest headline from www.gurufocus.com: Private Trust Co Na Buys TE Connectivity, US Bancorp, Union Pacific Corp, Sells Automatic Data Processing Inc, Laboratory Corp of America Holdings, IHS Markit - GuruFocus.com
Laboratory Corp Fama & French Healthcare
Healthcare
Fama & French Classification
Laboratory Corp SEC Filings
Laboratory Corp SEC Filings Security & Exchange Commission EDGAR Reports
Legal NameLaboratory Corp
CEODeborah Tanner  (View All)
Thematic Classification
Currently Active Investing Idea (view all)
  Healthcare
Average Analyst Recommendation
Analysts covering Laboratory Corp report their recommendations after researching Laboratory Corp's financial statements, talking to executives and customers, or listening in on Laboratory Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Laboratory Corp. The Laboratory consensus assessment is calculated by taking the average forecast from all of the analysts covering Laboratory Corp.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Laboratory Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. it is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Laboratory Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 5 - HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares107.5 M97.4 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted93.3 M98 M
Notably Down
Decreasing
Very volatile
Net Cash Flow from Operations1.8 B2.1 B
Fairly Down
Increasing
Slightly volatile
Total Assets17.5 B20.1 B
Fairly Down
Increasing
Slightly volatile
Total Liabilities9.7 B10.7 B
Significantly Down
Increasing
Slightly volatile
Current Assets5.5 B5.1 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities2.6 B3.1 B
Significantly Down
Increasing
Slightly volatile
Total Debt6.3 B6.8 B
Significantly Down
Increasing
Slightly volatile
Return on Average Assets0.07410.084
Fairly Down
Decreasing
Slightly volatile
Gross Margin0.330.354
Significantly Down
Decreasing
Slightly volatile
Asset Turnover0.720.756
Notably Down
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Laboratory Corp's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Financial Strength
Laboratory Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Laboratory Corp'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 Corp'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 Corp'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.
BBB ( Average Bond Rating ) Adequate
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 Corp's financial leverage. It provides some insight into what part of Laboratory Corp's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Laboratory Corp'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 Corp deploys its capital and how much of that capital is borrowed.
Liquidity
Laboratory Corp 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 6.36 B of total liabilities with total debt to equity ratio (D/E) of 0.63, which is normal for its line of buisiness. Laboratory Corp has a current ratio of 1.64, which is generally considered normal.

Operating Cash Flow

1.79 BillionShare
Laboratory Corp (LH) is traded on New York Stock Exchange in USA. It is located in 358 South Main Street, Burlington, NC 27215, United States and employs 70,000 people. Laboratory Corp is listed under Healthcare category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with market capitalization of 27.46 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Laboratory Corp's market, we take the total number of its shares issued and multiply it by Laboratory Corp'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 these looking for more risk prefer small-cap and mid-cap equities. Laboratory Corp is active under Healthcare sector as part of Diagnostics & Research industry. The entity has 97.7 M outstanding shares of which 1.52 M shares are now sold short in the market by investors with about 2.24 days to cover all shorted shares. Laboratory Corp reports about 1.89 B in cash with 3.09 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 19.35.
Check Laboratory Corp Probability Of Bankruptcy
Ownership
Laboratory Corp maintains a total of ninety-seven million seven hundred thousand outstanding shares. The majority of Laboratory Corp 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 Corp to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Laboratory Corp. Please pay attention to any change in the institutional holdings of Laboratory Corp as this could imply that something significant has changed or about to change at the company. Please note that no matter how much 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.

Ownership Allocation (%)

Check Laboratory Ownership Details

Laboratory Stock Price Odds Analysis

What are Laboratory Corp's target price odds to finish over the current price? In reference to a normal probability distribution, the odds of Laboratory Corp jumping above the current price in 90 days from now is near 1%. The Laboratory Corp probability density function shows the probability of Laboratory Corp stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon Laboratory Corp has a beta of 0.5977. This indicates as returns on the market go up, Laboratory Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Laboratory Corp will be expected to be much smaller as well. Additionally, the company has an alpha of 0.1535, implying that it can generate a 0.15 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 296.15HorizonTargetOdds Up 296.15 
99.78%90 days
 296.15 
0.21%
Based on a normal probability distribution, the odds of Laboratory Corp to move above the current price in 90 days from now is near 1 (This Laboratory Corp probability density function shows the probability of Laboratory Stock to fall within a particular range of prices over 90 days) .

Laboratory Corp Historical Income Statement

Laboratory Corp 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 Corp revenue and expense. Laboratory Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Laboratory Corp Net Income to Non Controlling Interests is most likely to decrease significantly in the upcoming years. The last year's value of Net Income to Non Controlling Interests was reported at 900,000. The current Weighted Average Shares is estimated to increase to about 107.5 M, while Consolidated Income is projected to decrease to roughly 1.3 B. View More Fundamentals

Laboratory Stock Against Markets

Picking the right benchmark for Laboratory Corp 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 Corp 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 Corp is critical whether you are bullish or bearish towards Laboratory Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Laboratory Corp without increasing your portfolio risk or giving up 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.

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Laboratory Corp Corporate Directors

Laboratory Corp corporate directors refer to members of a Laboratory Corp board of directors. The board of directors generally takes responsibility for the Laboratory Corp'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 Corp's board members must vote for the resolution. The Laboratory Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Sanders Williams - Independent DirectorProfile
Kerrii Anderson - Independent DirectorProfile
JeanLuc Belingard - Independent DirectorProfile
Peter Neupert - Lead Independent DirectorProfile
Additionally, see Stocks Correlation. Note that the Laboratory Corp information on this page should be used as a complementary analysis to other Laboratory Corp'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 CEO Directory module to screen CEOs from public companies around the world.

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When running Laboratory Corp price analysis, check to measure Laboratory Corp'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 Corp is operating at the current time. Most of Laboratory Corp's value examination focuses on studying past and present price action to predict the probability of Laboratory Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Laboratory Corp's price. Additionally, you may evaluate how the addition of Laboratory Corp to your portfolios can decrease your overall portfolio volatility.
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The market value of Laboratory Corp 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 Corp's value that differs from its market value or its book value, called intrinsic value, which is Laboratory Corp'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 Corp's market value can be influenced by many factors that don't directly affect Laboratory Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Laboratory Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Laboratory Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory Corp'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.