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Laboratory Corp of America Holdings LH Stock Quote

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Last close prices updated as of Jan 27, 2023, 3:45 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 254.21
  • Sector Healthcare
  • Industry Diagnostics & Research
  • Investment Style Mid Value
  • Day Range 250.61  –  255.18
  • Year Range 200.32  –  290.20
  • Market Cap 22.5452 Bil
  • Volume / Avg 331,906.0 /  753,476.9
  • 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.

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

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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.

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LH’s market cap is 22.55 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.

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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.