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How to Buy Labcorp Holdings Stock

Labcorp Holdings Inc

Labcorp Holdings is a diagnostic & research company located in North Carolina, United States, which is part of the Healthcare sector, and is traded under the ticker LH on the NYSE exchange.

Labcorp Holdings stock last closed at $205.25, down 1.03% from the previous day, and has decreased 11.9% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.18 percentage points. Labcorp Holdings stock is currently +6.92% from its 52-week low of $191.97, and -15.64% from its 52-week high of $243.30.

At the moment, there are 84.29M shares of LH outstanding. The market capitalization of LH is $17.30B. In the last 24 hours, 1.05M LH shares were traded.

How to Buy Labcorp Holdings Stock

Not sure how to invest in Labcorp Holdings stock? Here's how.
  1. Figure out where to buy Labcorp Holdings stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Labcorp Holdings stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Pick your payment method and add your information.
  4. Research Labcorp Holdings stock: The Labcorp Holdings ticker symbol is LH. Is Labcorp Holdings stock a good investment? Should you buy shares of LH? How do LH's underlying business fundamentals look? Do top analysts think Labcorp Holdings is a good buy? Why has LH's stock price moved recently? (Hint: Our stock analysis website can help you understand if LH is a good stock to buy).
  5. Make your LH buy order: Decide if you will purchase LH shares at the current market price or use a limit order to purchase LH stock at a particular price.
  6. Track your LH position: Create a watchlist to the latest updates on your new investment in Labcorp Holdings stock.

Step 1: Figure out where to buy Labcorp Holdings stock

You will need an online brokerage account in order to access the NYSE market and buy LH stock.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've chosen the best brokerage, the next step is to fill out some personal info so you are able to invest in LH stock today.

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  2. Enter your personal details to start your new brokerage account.
  1. Send your details by pressing the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you have filled out your info on the best stock trading app for beginners, your next step is to transfer the money for your investment:

Watch the walkthrough below if you need help depositing money into your investment account.

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Step 4: Research Labcorp Holdings stock

After you have identified the best place to buy Labcorp Holdings stock, it's important to analyze their stock before you invest, so you truly wrap your head around the risk as well as the upside.

Labcorp Holdings Numbers

LH Price
$205.25
1w %
2.69%
1y %
-11.9%
5y %
20.17%
P/E
40.25x
P/B
2.17x
P/S
1.41x
PEG
0.79x
Revenue
$12.30B
Earnings
$433.10M
Fore. Rev. Growth
5.05%
Fore. Earn. Growth
50.88%
Market Cap
$17.30B
Next Earnings
Jul 25, 2024
Next Dividend
N/A

Labcorp Holdings Overview

WallStreetZen was built to help average investors perform better fundamental analysis in less time.

You can view all of the due diligence checks on LH's stock page.

Is LH stock undervalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge LH's intrinsic value.

Using relative valuations measures:

  • LH could be overvalued based on its P/E ratio of 40.25x, relative to Diagnostics & Research industry P/E ratio of 38.45x
  • LH could be undervalued based on its P/B ratio of 2.17x, relative to Diagnostics & Research industry P/B ratio of 4.25x
  • LH may be undervalued based on its PEG ratio of 0.79x

You can do more valuation analysis on LH's stock here.

LH Financial Overview

Positive Health Checks:

  • Total LH debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • LH earnings of $822.60M is not enough to cover its interest payments.
  • LH has a relatively high debt to equity ratio of 1.08.
  • LH's operating cash flow of $1.18B allows it to safely service it's debt of $5.97B.
  • There are more long-term liabilities than short-term assets on the LH balance sheet.
  • There are more short-term liabilities than short-term assets on the LH balance sheet.
  • LH profit margin has gone down from 8.5% to 3.5% in the past year.

Do Wall Street analysts think it's a good time to buy LH stock

Out of 6 Wall Street analysts who give ratings on LH, the consensus analyst rating on LH is a Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

Latest LH Analyst Forecasts

Elizabeth Anderson, a bottom 3% analyst from Evercore ISI Group initiates coverage on LH with a hold rating and announces their LH price target of $240.00, on Feb 9, 2024.

You can dive deeper into what analysts are projecting on the Labcorp Holdings stock forecast page.

LH Technicals

SMA10
200.34
SMA20
198.26
SMA50
201.95
SMA100
209.36
SMA200
210.65
MACD
0.37
MACD Signal
-1.09
MACD Histogram
1.45
RSI
58.26
Stochastic %K
91.13
Stochastic %D
95.45
StochRSI %K
93.55
StochRSI %D
97.85

Is LH Growing Revenue?

Last year, LH earnings were $433.10M. Over the past 5 year, LH's earnings have gone up by -10.52% per year. This was slower than the Diagnostics & Research industry average of 11.63%.

Last year, LH revenue was $12.30B. In the past five year, LH's revenue has increased by 1.75% per year. This was slower than the Diagnostics & Research industry average of 13.22%.

Dig into LH's earnings and revenue performance here.

Latest Insiders Trades at LH

Over the past year, executives and large shareholders at LH have sold more shares than they have bought.

Der Vaart Sandra D. Van, EVP Chief Legal Officer of LH, was the latest LH insider to sell. They sold $42,167.00 worth of LH stock on May 14, 2024.

Learn more about who owns LH stock here.

Does LH stock generate passive income?

Labcorp Holdings pays a dividend of 1.05%, compared to the Diagnostics & Research industry's average dividend yield of 1.12%. If you owned $1,000 of LH stock, you would have received $10.52 last year.

Labcorp Holdings dividend payments have not consistently grown over the past decade but have remained stable.

Get more info about Labcorp Holdings dividend yield and history here.

LH Social Trading Data

One of the reasons eToro is our top-rated brokerage is because of its social trading community.

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Step 5: Make your LH buy order

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a given price, place a limit order.

Press the Open button and your broker will execute the order.

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Step 6: Track your LH position

Now that you own some shares in LH, you'll want to stay up-to-date on your stock purchase.

Start a watchlist to get notified of important updates regarding your LH stock.

LH Feed

How to Buy Stock in Labcorp Holdings

To summarize, here are the 6 steps to buy stock in Labcorp Holdings:

  1. Figure out where to buy Labcorp Holdings stock
  2. Open your brokerage account
  3. Put funds into your brokerage account
  4. Research Labcorp Holdings stock
  5. Make your LH buy order
  6. Track your LH position

If you need a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to watch your investment in Labcorp Holdings, click below.

NYSE: LH
$205.25-2.13 (-1.03%)
Updated Jun 21, 2024
Open eToro Account
NYSE: LH
$205.25-2.13 (-1.03%)
Updated Jun 21, 2024
Open eToro Account

FAQ

How much does it cost to buy one Labcorp Holdings share?

As of Jun 21, 2024, it costs $205.25 to buy one share of Labcorp Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.487 shares of LH.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Labcorp Holdings stock?

According to 6 Wall Street analysts who monitor Labcorp Holdings, their consensus recommendation is to buy Labcorp Holdings stock.

What is the best way to buy Labcorp Holdings stock?

One way to place an order for Labcorp Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.