Laboratory Of Stock Today

LH Stock  USD 241.16  0.99  0.41%   

Performance

5 of 100

 
Weak
 
Strong
Modest

Odds Of Distress

Less than 5

 
High
 
Low
Very Low
Laboratory is trading at 241.16 as of the 30th of November 2024. This is a 0.41 percent down since the beginning of the trading day. The stock's open price was 242.15. Laboratory has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat modest performance during the last 90 days. Note, on September 2, 2024, Representative John James of US Congress acquired under $15k worth of Laboratory's common stock.
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 83.64 M outstanding shares of which 2.23 M shares are now sold short in the market by investors with about 2.93 days to cover all shorted shares. More on Laboratory of

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Laboratory Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEOPaul Kirchgraber
Thematic IdeaHealthcare (View all Themes)
Business ConcentrationHealth Care Providers & Services, Health Care Equipment & Services, Health Care, NYSE Composite, Stock Exchange Of, SET50 Index, SP 500 Index, SET100 Index, SET Total Return, Healthcare, Health Care, Health Care Providers & Services, Diagnostics & Research, Healthcare (View all Sectors)
Excise Tax ActivitiesAnimal Testing
Average Analyst Recommendation
Financial Strength
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 Margin0.420.2767
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
Debt Levels
Laboratory can leverage 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.
Liquidity
Laboratory of 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. Note however, debt could still be an excellent tool for Laboratory to invest in growth at high rates of return.

Begin Period Cash Flow

265.84 Million
Laboratory of (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 67,000 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 20.25 B. Laboratory is active under Health Care Providers & Services sector as part of Health Care industry. The entity has 83.64 M outstanding shares of which 2.23 M shares are now sold short in the market by investors with about 2.93 days to cover all shorted shares. Laboratory of 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 83.64 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 of 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. On September 2, 2024, Representative John James of US Congress acquired under $15k worth of Laboratory's common stock.
Check Laboratory Ownership Details

Laboratory Stock Institutional Holders

InstituionRecorded OnShares
Dimensional Fund Advisors, Inc.2024-09-30
1.4 M
Amvescap Plc.2024-06-30
1.3 M
Veritas Investment Partners (uk) Ltd.2024-09-30
1.2 M
Norges Bank6024-06-30
M
Northern Trust Corp2024-09-30
M
Nordea Investment Mgmt Bank Demark A/s2024-09-30
984 K
Bank Of America Corp2024-06-30
978.1 K
Cooke & Bieler Lp2024-09-30
942.1 K
Ubs Asset Mgmt Americas Inc2024-09-30
914 K
Vanguard Group Inc2024-09-30
9.6 M
Blackrock Inc2024-06-30
9.5 M
View Laboratory Diagnostics

Laboratory Historical Income Statement

As of now, Laboratory's EBIT is increasing as compared to previous years. The Laboratory's current Depreciation And Amortization is estimated to increase to about 606.2 M, while Gross Profit is projected to decrease to under 2 B. View More Fundamentals

Laboratory Stock Against Markets

Laboratory Corporate Directors

Kerrii AndersonIndependent DirectorProfile
JeanLuc BelingardIndependent DirectorProfile
Peter NeupertLead Independent DirectorProfile
Richelle ParhamIndependent DirectorProfile
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Laboratory of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
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Is Health Care Providers & Services space 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
(0.05)
Dividend Share
2.88
Earnings Share
5.28
Revenue Per Share
151.028
Quarterly Revenue Growth
0.074
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.