Laboratory Corp. Of America Holdings (LH) Stock Forecast & Predictions

Laboratory Corp. Of America Holdings LH: $296.74

358 S Main St, Burlington, North Carolina, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.labcorp.com

  • Market Cap$28.61B
  • Change (52 Weeks)66.85%
  • Low (52 Weeks)$176.87
  • Laboratory Corp. Of America Holdings (LH) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Laboratory Corp. Of America Holdings (LH) stock price is $296.74 and the 52 weeks low is $176.87, which means the Laboratory Corp. Of America Holdings stock price is up 66.85% in the last 12 months.

    Laboratory Corp. Of America Holdings (LH) Stock Price has been Trending Strongly with an ADX reading of 42.78 as per the Weekly Chart.

    A Upward trend indicates that Laboratory Corp. Of America Holdings (LH) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that LH Stock price might rise further, 18.75% indicating that LH Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall LH stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Laboratory Corp. Of America Holdings (LH) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Laboratory Corp. Of America Holdings (LH) is based on 26 Institutional Analyst Ratings where 53.85% are on Strong Buy, 38.46% on Moderate Buy, 7.69% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 26 Institutional Analysts, majority recommended LH stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Laboratory Corp. Of America Holdings.

    Laboratory Corp. Of America Holdings (LH) Stock Price Prediction By Analysts


    HighLowAverage
    $399.00$217.15$339.51
    $339.5114.41% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for LH set by the institutional analysts is $339.51 where High Estimate is $399.00, Median $344.76 and Low $217.15.

    The average price target for LH by Institutional Analysts is $339.51, which is 14.41% Upside from the current price. So according to the Institutional Analysts, LH Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Laboratory Corp. Of America Holdings (LH) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 478,822 investor portfolio.

    Our algorithm has analysed 478,822 investor portfolio with LH stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about LH and holding their positions hoping for a further rise in the stock price and more profit.

    Laboratory Corp. Of America Holdings (LH) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Morgan StanleyOverweightMaintained
    Credit SuisseOutperformMaintained
    MizuhoBuyMaintained
    MizuhoBuyMaintained
    Deutsche BankBuyMaintained
    Argus ResearchBuyMaintained
    MizuhoBuyMaintained
    JefferiesBuyMaintained
    Truist SecuritiesBuyMaintained
    MizuhoBuyMaintained
    CitigroupBuyMaintained
    CitigroupBuyMaintained
    MizuhoBuyMaintained
    Argus ResearchBuyUpgraded
    Wells FargoOverweightMaintained
    B of A SecuritiesBuyMaintained
    B of A SecuritiesBuyUpgraded
    Wolfe ResearchOutperformUpgraded
    BairdOutperformMaintained
    Deutsche BankBuyReiterated
    SunTrust Robinson HumphreyBuyMaintained
    Morgan StanleyOverweightMaintained
    MizuhoBuyUpgraded
    UBSBuyMaintained
    Morgan StanleyOverweightMaintained
    B of A SecuritiesNeutralReiterated
    CitigroupBuyUpgraded
    BarclaysOverweightMaintained
    MizuhoNeutralMaintained
    SunTrust Robinson HumphreyBuyMaintained
    Morgan StanleyOverweightMaintained
    JP MorganOverweightMaintained
    Wells FargoOverweightMaintained
    KeyBancOverweightMaintained
    BarclaysOverweightMaintained
    MizuhoNeutralMaintained
    Morgan StanleyOverweightMaintained
    CitigroupNeutralMaintained
    Wells FargoOverweightInitiated
    UBSBuyMaintained
    Morgan StanleyOverweightMaintained
    KeyBancOverweightMaintained
    Morgan StanleyOverweightMaintained
    Bank of AmericaNeutralUpgraded
    Deutsche BankBuyUpgraded
    Canaccord GenuityHoldMaintained
    UBSBuyMaintained
    CitigroupNeutralMaintained
    JefferiesBuyUpgraded
    BarclaysOverweightMaintained
    Credit SuisseOutperformMaintained
    UBSBuyInitiated
    Bank of AmericaUnderperformDowngraded
    KeyBancOverweightMaintained
    Morgan StanleyOverweightMaintained
    CitigroupNeutralMaintained
    Canaccord GenuityHoldMaintained
    BarclaysOverweightMaintained
    Goldman SachsBuyDowngraded
    ArgusHoldDowngraded
    CitigroupNeutralMaintained
    Canaccord GenuityHoldDowngraded
    BairdOutperformMaintained
    Morgan StanleyOverweightMaintained
    Credit SuisseOutperformMaintained
    Deutsche BankHoldMaintained
    Deutsche BankHoldDowngraded
    KeyBancOverweightUpgraded
    ArgusBuyInitiated
    Credit SuisseOutperformMaintained
    Credit SuisseOutperformMaintained
    Morgan StanleyOverweightMaintained
    Canaccord GenuityBuyMaintained
    BarclaysOverweightMaintained
    CitigroupNeutralMaintained
    BairdNeutralMaintained
    Evercore ISI GroupOutperformInitiated
    Deutsche BankBuyMaintained
    BarclaysOverweightMaintained
    Canaccord GenuityBuyMaintained
    Morgan StanleyOverweightMaintained
    BarclaysOverweightMaintained
    KeyBancSector WeightDowngraded
    BairdNeutralDowngraded
    Deutsche BankBuyInitiated
    CitigroupNeutralInitiated
    KeyBancOverweightMaintained
    UBSNeutralMaintained
    UBSNeutralMaintained
    JefferiesHoldMaintained
    Canaccord GenuityBuyMaintained
    BarclaysOverweightMaintained
    Credit SuisseOutperformInitiated
    Deutsche BankHoldMaintained
    SunTrust Robinson HumphreyBuyMaintained
    Goldman SachsNeutralDowngraded
    KeyBancOverweightInitiated
    JP MorganOverweightMaintained
    JefferiesHoldMaintained
    JMP SecuritiesMarket OutperformInitiated
    Maxim GroupBuyMaintained
    Canaccord GenuityBuyUpgraded
    BarclaysOverweightInitiated
    PiperJaffrayOverweightUpgraded
    Morgan StanleyOverweightUpgraded
    Credit SuisseOutperformUpgraded
    UBSNeutralDowngraded
    Evercore ISI GroupBuyUpgraded
    BairdOutperformUpgraded
    JP MorganOverweightUpgraded
    CitigroupBuyMaintained
    Raymond JamesOutperformUpgraded
    Deutsche BankHoldDowngraded
    Deutsche BankBuyMaintained
    JP MorganNeutralMaintained
    FBR CapitalMarket PerformMaintained
    CitigroupNeutralMaintained
    FBR CapitalMarket PerformMaintained
    UBSBuyMaintained
    William BlairOutperformUpgraded
    Cantor FitzgeraldBuyMaintained
    UBSBuyUpgraded
    CitigroupNeutralMaintained
    Deutsche BankBuyUpgraded
    JMP SecuritiesMarket PerformInitiated
    Deutsche BankHoldMaintained
    CitigroupNeutralMaintained
    Canaccord GenuityHoldDowngraded
    ISI GroupNeutralInitiated
    Cantor FitzgeraldBuyInitiated
    Cantor FitzgeraldBuyInitiated
    Craig-HallumBuyInitiated
    BairdNeutralInitiated
    Deutsche BankHoldMaintained
    Goldman SachsNeutralUpgraded
    UBSNeutralMaintained
    OppenheimerPerformInitiated
    Goldman SachsSellDowngraded
    Goldman SachsNeutralMaintained
    Canaccord GenuityBuyMaintained
    Deutsche BankHoldMaintained
    Goldman SachsNeutralMaintained
    William BlairMarket PerformDowngraded
    PiperJaffrayNeutralDowngraded
    Goldman SachsNeutralUpgraded
    Canaccord GenuityBuyInitiated
    Deutsche BankBuyMaintained
    JefferiesHoldMaintained

    Laboratory Corp. Of America Holdings (LH) Stock Earning Per Share (EPS) Forecast / Estimate


    $4.408
    The average consensus EPS for LH is $4.408 with a high estimate of $5.334 and Low of $3.871 for the period 2021-12-31 and based on 17 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $6.13$5.6933662000000012021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$4.80715422021-09-30
    $6.13$5.6933662000000012021-06-30
    $8.79$7.6544452021-03-31
    $10.56$8.3525686999999992020-12-31
    $8.41$5.46442812020-09-30
    $2.57$1.02508692020-06-30
    $2.37$2.01200200000000032020-03-31
    $2.86$2.88166192019-12-31
    $2.9$2.93138000000000032019-09-30
    $2.93$3.00729100000000042019-06-30
    $2.62$2.60910332019-03-31
    $2.52$2.56172332018-12-31
    $2.84$2.96411342018-09-30
    $2.98$3.01693180000000052018-06-30
    $2.78$2.70690180000000022018-03-31
    $2.45$2.44900012017-12-31
    $2.46$2.45815682017-09-30
    $2.47$2.47313300000000022017-06-30
    $2.22$2.26173580000000032017-03-31
    $2.15$2.19301422016-12-31
    $2.25$2.36204752016-09-30
    $2.31$2.36585852016-06-30
    $2.02$2.01527742016-03-31
    $1.98$2.04563150000000032015-12-31
    $2.07$2.12543590000000032015-09-30
    $2.09$2.09425782015-06-30
    $1.73$1.67721080000000012015-03-31
    $1.65$1.68321572014-12-31
    $1.8$1.80189232014-09-30
    $1.78$1.82223480000000022014-06-30
    $1.51$1.62941882014-03-31
    $1.61$1.70789452013-12-31
    $1.8$1.85044652013-09-30
    $1.8$1.85109542013-06-30
    $1.74$1.81513812013-03-31
    $1.63$1.66607650000000022012-12-31
    $1.76$1.79565052012-09-30
    $1.77$1.83355452012-06-30
    $1.74$1.72412730000000012012-03-31
    $1.56$1.57718752011-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).