The Question Is Whether To Buy Or Not To Buy Labcorp Holdings Inc. (NYSE: LH)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Labcorp Holdings Inc. is listed on the NYSE as a member of the Healthcare sector and is a part of the Diagnostics & Research industry. The current market capitalization of Labcorp Holdings Inc. is $19.27B. A total of 0.93 million shares were traded on the day, compared to an average of 665.53K shares.

In the most recent transaction, BERBERIAN LANCE bought 12,093 shares of LH for 229.10 per share on Aug 05 ’24. In a previous transaction on May 14 ’24, van der Vaart Sandra D sold 2,000 shares at 210.83 per share. LH shares that EVP, Chief Legal Officer owns now total 5,637.

Among the insiders who sold shares, ANDERSON KERRII B disposed of 250 shares on May 02 ’24 at a per-share price of $200.10. This resulted in the Director holding 15,722 shares of LH after the transaction. In another insider transaction, ANDERSON KERRII B sold 250 shares at $204.13 per share on Apr 30 ’24. Company shares held by the Director now total 15,972.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Labcorp Holdings Inc. pays an annual dividend of $2.88, resulting in a dividend yield of 1.26%, and it has a price to earnings (P/E) ratio of 43.41. LH’s most recent ex-dividend date was 8/29/2024 when it declared a $0.72 quarterly dividend that was paid in cash on 9/13/2024. Previously, the company paid the dividend on 6/12/2024 with an ex-dividend date of 5/24/2024. The LH stock dividend was $0.72 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, LH has a high of $238.46 and a low of $191.97.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. LH’s latest balance sheet shows that the firm has $1.47B in Cash & Short Term Investments as of fiscal 2021. There were $6.34B in debt and $2.78B in liabilities at the time. Its Book Value Per Share was $95.53, while its Total Shareholder’s Equity was $10.29B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LH is Buy with a score of 4.40.

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