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Laboratory Corp of America Holdings LH Stock Quote

| Rating as of

NYSE: LH

Last close prices updated as of Jan 27, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 254.3
  • Sector Healthcare
  • Industry Diagnostics & Research
  • Investment Style Mid Value
  • Day Range 250.61  –  255.18
  • Year Range 200.32  –  290.20
  • Market Cap 22.5310 Bil
  • Volume / Avg 477,919.0 /  726,506.2
  • Price / Sales 1.56
  • Price / Book 2.23
  • Forward Div Yield 1.14%
  • Trailing Div Yield 0.85%

Morningstar‘s Stock Analysis LH

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LabCorp Seeks to Refocus on Diagnostics Once Its Drug Development Segment Is Spun Off

Debbie S. Wang Senior Equity Analyst

Business Strategy and Outlook

| Debbie Wang |

As a leading independent diagnostic laboratory, LabCorp participates in a highly attractive duopoly that offers favorable prospects as healthcare moves toward reformed payment models, like the easing of Medicare headwinds and potentially positive M&A opportunities.

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Key Statistics LH

Company Profile LH

Business Description

Laboratory Corp. of America is one of the nation's two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing.

Contact
358 South Main Street
Burlington, NC, 27215
Industry Diagnostics & Research
Employees 75,500

Related Articles LH

FAQs for Laboratory Corp of America Holdings Stock

Yes. LH has a forward dividend yield of 1.14%. See LH’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

LH’s market cap is 22.53 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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LH’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

LH’s price/sales is 1.56.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

LH’s price/forward earnings is 14.01.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

LH’s price/book is 2.23.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See LH’s valuation ratios compared to the Market Index.

LH’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare LH’s historical performance against its industry peers and the overall market.