Laboratory Corporation of America is a diagnostics & research business based in the US. Laboratory Corporation of America shares (LH.US) are listed on the NYSE and all prices are listed in US dollars. Its last market close was $199.97 – a decrease of 0.97% over the previous day. Laboratory Corporation of America employs 56,950 staff and has a trailing 12-month revenue of around $12.2 billion.
How to buy shares in Laboratory Corporation of America
Open your account.Provide your personal information and sign up.
Confirm your payment details.You'll need to fund your account with a bank transfer, debit card or credit card.
Search the platform for stock code:LH in this case.
Research stocks.The platform should provide the latest information available.
Buy your stocks.Place a market order or limit order with your preferred number of shares. It's that simple.
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Is it a good time to buy Laboratory Corporation of America stock?
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Use our graph to track the performance of LH stocks over time.
Share price volatility
Over the last 12 months, Laboratory Corporation of America's shares have ranged in value from as little as $177.7789 up to $233.321. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Laboratory Corporation of America's is 0.995. This would suggest that Laboratory Corporation of America's shares are less volatile than average (for this exchange).
Historical closes compared with the last close of $199.97
1 week (2024-04-11)
-2.80%
1 month (2024-03-18)
-5.21%
3 months (2024-01-18)
-11.58%
6 months (2023-10-18)
0.27%
1 year (2023-04-18)
-13.54%
2 years (2022-04-18)
-26.25%
3 years (2021-04-18)
-23.24%
5 years (2019-04-17)
37.70%
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
Is Laboratory Corporation of America under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Laboratory Corporation of America P/E ratio, PEG ratio and EBITDA
Laboratory Corporation of America's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 47x. In other words, Laboratory Corporation of America stocks trade at around 47x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Laboratory Corporation of America's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.4827. A PEG ratio below 1 can be interpreted as meaning the shares are not overvalued given the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Laboratory Corporation of America's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Laboratory Corporation of America's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.6 billion ($2.2 billion CAD).
The EBITDA is a measure of a Laboratory Corporation of America's overall financial performance and is widely used to measure a its profitability.
Forward annual dividend yield: 1.43% of stock value
Dividend payout ratio: 19.43% of net profits
Laboratory Corporation of America has recently paid out dividends equivalent to 1.43% of its share value annually.
Laboratory Corporation of America has paid out, on average, around 19.43% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.43% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 1.43% return on their shares, in the form of dividend payments. In Laboratory Corporation of America's case, that would currently equate to about 2.88 per share.
While Laboratory Corporation of America's payout ratio might seem low, this can signify that the company is investing more in its future growth.
Laboratory Corporation of America's most recent dividend payout was on 11 June 2024. The latest dividend was paid out to all shareholders who bought their shares by 27 May 2024 (the "ex-dividend date").
Currently 0.338% of Laboratory Corporation of America shares are held by insiders and 98.265% by institutions.
Laboratory Corporation of America's fiscal year ends in December.
Laboratory Corporation of America's address is: 358 South Main Street, Burlington, NC, United States, 27215
Laboratory Corporation of America's shares were split on a 1164:1000 basis on 2 July 2023. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1164 shares. This wouldn't directly have changed the overall worth of your Laboratory Corporation of America shares – just the quantity. However, indirectly, the new 14.1% lower share price could have impacted the market appetite for Laboratory Corporation of America shares which in turn could have impacted Laboratory Corporation of America's share price.
It's as easy to sell Laboratory Corporation of America as it is to buy! Here's how to sell Laboratory Corporation of America stocks that you already own.
Open your investment app. If you've got one with desktop access, you can log in online
Go to your portfolio. This should be in the main menu
Find your shares. You may be able to search your portfolio
Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
Sell your Laboratory Corporation of America shares. Your investment platform will let you know when your shares are sold
Most dealing providers will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.
The easiest way to get hold of some Laboratory Corporation of America shares is to sign up for a stock trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in Laboratory Corporation of America shares.
Laboratory Corporation of America financials
Revenue TTM
$12.2 billion
Operating margin TTM
7.2%
Gross profit TTM
$4.4 billion
Return on assets TTM
3.77%
Return on equity TTM
4.23%
Profit margin
3.44%
Book value
$93.86
Market capitalisation
$17 billion
TTM: trailing 12 months
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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