How to Buy Laboratory Of America Holdings Stock
Laboratory Corp Of America Holdings
Laboratory Of America 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.
Laboratory Of America Holdings stock last closed at $199.56, down 0.74% from the previous day, and has decreased 5.78% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.02 percentage points. Laboratory Of America Holdings stock is currently +1.4% from its 52-week low of $196.81, and -22.92% from its 52-week high of $258.90.
At the moment, there are 88.6M shares of LH outstanding. The market capitalization of LH is $17.68B. In the last 24 hours, 1.01M LH shares were traded.
How to Buy Laboratory Of America Holdings Stock
Not sure how to invest in Laboratory Of America Holdings stock? Here's how.
- Figure out where to buy Laboratory Of America 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 Laboratory Of America Holdings stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Pick your payment method and add your information.
- Research Laboratory Of America Holdings stock: The Laboratory Of America Holdings ticker symbol is LH. Is Laboratory Of America Holdings stock a good investment? Should you buy shares of LH? How do LH's underlying business fundamentals look? Do top analysts think Laboratory Of America 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).
- 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.
- Track your LH position: Create a watchlist to the latest updates on your new investment in Laboratory Of America Holdings stock.
Step 1: Figure out where to buy Laboratory Of America Holdings stock
You will need an online brokerage account in order to access the NYSE market and buy LH stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 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.
How to Create a New Account on eToro
- Click here to get started.
- Enter your personal details to start your new brokerage account.
- Send your details by pressing the "Create Account" button.
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.
Step 4: Research Laboratory Of America Holdings stock
After you have identified the best place to buy Laboratory Of America 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.
Laboratory Of America Holdings Numbers
Laboratory Of America 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 undervalued based on its P/E ratio of 21.21x, relative to Diagnostics & Research industry P/E ratio of 24.37x
- LH could be undervalued based on its P/B ratio of 2.01x, relative to Diagnostics & Research industry P/B ratio of 3.79x
- LH may be undervalued based on its PEG ratio of 0.28x
You can do more valuation analysis on LH's stock here.
LH Financial Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the LH balance sheet.
- LH earnings of $1.18B is not enough to cover its interest payments.
- LH's operating cash flow of $1.50B allows it to safely service it's debt of $6.21B.
- Total LH debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the LH balance sheet.
- LH has a relatively high debt to equity ratio of 1.02.
- LH profit margin has gone down from 13.3% to 5.9% in the past year.
Do Wall Street analysts think it's a good time to buy LH stock
Out of 8 Wall Street analysts who give ratings on LH, the consensus analyst rating on LH is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest LH Analyst Forecasts
Derik De Bruin, a top 8% analyst from Bank of America maintains LH with a strong buy rating and lowers their LH price target from $238.00 to $230.00, on Sep 21, 2023.
Eric Coldwell, a bottom 19% analyst from Baird maintains LH with a buy rating and lowers their LH price target from $251.00 to $237.00, on Sep 18, 2023.
Ryan MacDonald, a bottom 5% analyst from Truist Securities reiterates LH with a strong buy rating and maintains their LH price target from $270.00 to $270.00, on Sep 15, 2023.
Ann Hynes, a top 12% analyst from Mizuho reiterates LH with a strong buy rating and maintains their LH price target from $257.00 to $257.00, on Sep 15, 2023.
Morten Herholdt, a bottom 25% analyst from HSBC initiates coverage on LH with a hold rating and announces their LH price target of $210.00, on Sep 6, 2023.
You can dive deeper into what analysts are projecting on the Laboratory Of America Holdings stock forecast page.
LH Technicals
Is LH Growing Revenue?
Last year, LH earnings were $830.70M. Over the past 5 year, LH's earnings have gone up by -5.35% per year. This was slower than the Diagnostics & Research industry average of 17.87%.
Last year, LH revenue was $14.09B. In the past five year, LH's revenue has increased by 4.93% per year. This was slower than the Diagnostics & Research industry average of 13.08%.
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.
Kerrii B. Anderson, Director of LH, was the latest LH insider to sell. They sold $1,057,830.00 worth of LH stock on Aug 8, 2023.
Learn more about who owns LH stock here.
Does LH stock generate passive income?
Laboratory Of America Holdings pays a dividend of 1.44%, compared to the Diagnostics & Research industry's average dividend yield of 1.48%. If you owned $1,000 of LH stock, you would have received $14.43 last year.
Laboratory Of America Holdings dividend payments have not consistently grown over the past decade but have remained stable.
Get more info about Laboratory Of America 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.
Click below to see what other investors have to say.
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.
If you want additional info about buying stocks on eToro, watch the how to video below:
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 Laboratory Of America Holdings
To summarize, here are the 6 steps to buy stock in Laboratory Of America Holdings:
- Figure out where to buy Laboratory Of America Holdings stock
- Open your brokerage account
- Put funds into your brokerage account
- Research Laboratory Of America Holdings stock
- Make your LH buy order
- Track your LH position
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your investment in Laboratory Of America Holdings, click below.
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