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NYSE: LH
Laboratory Corp Of America Holdings Stock Forecast, Predictions & Price Target

Analyst price target for LH

Based on 8 analysts offering 12 month price targets for Laboratory Corp Of America Holdings.
Min Forecast
$278.00-2.61%
Avg Forecast
$328.50+15.08%
Max Forecast
$377.00+32.07%

Should I buy or sell LH stock?

Based on 8 analysts offering ratings for Laboratory Corp Of America Holdings.
Strong Buy
Strong Buy
7 analysts 87.5%
Buy
1 analysts 12.5%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

LH stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Credit Suisse
Bottom 7%
7
BuyMaintains$338.00+18.41%2021-11-01
Morgan Stanley
Top 5%
96
Strong BuyMaintains$377.00+32.07%2021-10-29
Morgan Stanley
Top 31%
70
Strong BuyMaintains$368.00+28.92%2021-08-31
Anonymous
Credit Suisse
BuyMaintains$336.00+17.71%2021-08-20
Mizuho
Top 14%
87
Strong BuyMaintains$332.00+16.31%2021-08-19
Deutsche Bank
Top 31%
70
Strong BuyMaintains$330.00+15.61%2021-07-30
Argus Research
Top 12%
89
Strong BuyMaintains$295.00+3.35%2021-05-20
Jefferies
Top 21%
80
Strong BuyMaintains$310.00+8.60%2021-05-03
Citigroup
Top 30%
71
Strong BuyMaintains$278.00-2.61%2021-02-12

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Forecast return on equity

Is LH forecast to generate an efficient return?
Company
16.09%
Industry
45.1%
Market
46.73%
LH's Return on Equity is forecast to be low in 3 years (16.09%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is LH forecast to generate an efficient return on assets?
Company
8.11%
Industry
10.39%
LH is forecast to generate lower Return on Assets (8.11%) than the US Diagnostics & Research industry average (10.39%)
Forecast

LH earnings per share forecast

What is LH's earnings per share in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$23.77-16.36%
Avg 2 year Forecast
$16.54-41.8%
Avg 3 year Forecast
$17.69-37.76%
LH's earnings are forecast to grow at a rate of -18.06% per year, which is not exceptional
Forecast

LH revenue forecast

What is LH's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$15.9B-3.89%
Avg 2 year Forecast
$14.3B-13.89%
Avg 3 year Forecast
$14.9B-10.17%
LH's revenue is forecast to grow at a rate of -4.92% per year, which is not exceptional
Forecast

LH earnings growth forecast

How is LH forecast to perform vs Diagnostics & Research companies and vs the US market?
Company
-18.06%
Industry
7.15%
Market
17.66%
LH's earnings are forecast to grow slower (-18.06% per year) than the US Diagnostics & Research industry average (7.15%)
Forecast
LH's earnings are forecast to grow slower (-18.06% per year) than the US market average (17.66%)
Forecast
LH's earnings are forecast to grow slower (-18.06% per year) than the risk-free savings rate (1.4%)
Forecast

LH revenue growth forecast

How is LH forecast to perform vs Diagnostics & Research companies and vs the US market?
Company
-4.92%
Industry
5.83%
Market
10.77%
LH's revenues are forecast to grow slower (-4.92% per year) than the US Diagnostics & Research industry average (5.83%)
Forecast
LH's revenues are forecast to grow slower (-4.92% per year) than the US market average (10.77%)
Forecast

Laboratory Corp Of America Holdings Stock Forecast FAQ

Is Laboratory Corp Of America Holdings Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: LH) stock is to Strong Buy LH stock.

Out of 8 analysts, 7 (87.5%) are recommending LH as a Strong Buy, 1 (12.5%) are recommending LH as a Buy, 0 (0%) are recommending LH as a Hold, 0 (0%) are recommending LH as a Sell, and 0 (0%) are recommending LH as a Strong Sell.

What is LH's earnings growth forecast for 2021-2023?

(NYSE: LH) Laboratory Corp Of America Holdings's forecast annual earnings growth rate of -18.06% is not forecast to beat the US Diagnostics & Research industry's average forecast earnings growth rate of 7.15%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.66%.

Laboratory Corp Of America Holdings's earnings in 2021 is $2,762,600,000.On average, 8 Wall Street analysts forecast LH's earnings for 2021 to be $2,274,789,000, with the lowest LH earnings forecast at $2,216,412,000, and the highest LH earnings forecast at $2,330,295,000. On average, 8 Wall Street analysts forecast LH's earnings for 2022 to be $1,582,878,000, with the lowest LH earnings forecast at $1,535,985,000, and the highest LH earnings forecast at $1,628,814,000.

In 2023, LH is forecast to generate $1,692,933,000 in earnings, with the lowest earnings forecast at $1,589,577,000 and the highest earnings forecast at $1,733,127,000.

What is LH's revenue growth forecast for 2021-2023?

(NYSE: LH) Laboratory Corp Of America Holdings's forecast annual revenue growth rate of -4.92% is not forecast to beat the US Diagnostics & Research industry's average forecast revenue growth rate of 5.83%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.77%.

Laboratory Corp Of America Holdings's revenue in 2021 is $16,554,600,000.On average, 7 Wall Street analysts forecast LH's revenue for 2021 to be $1,522,646,046,900, with the lowest LH revenue forecast at $1,512,538,500,000, and the highest LH revenue forecast at $1,532,297,679,000. On average, 7 Wall Street analysts forecast LH's revenue for 2022 to be $1,364,293,840,800, with the lowest LH revenue forecast at $1,330,411,830,000, and the highest LH revenue forecast at $1,443,555,069,000.

In 2023, LH is forecast to generate $1,423,214,034,000 in revenue, with the lowest revenue forecast at $1,391,632,077,000 and the highest revenue forecast at $1,487,921,589,000.

What is LH's forecast return on assets (ROA) for 2021-2023?

(NYSE: LH) forecast ROA is 8.11%, which is lower than the forecast US Diagnostics & Research industry average of 10.39%.

What is LH's Price Target?

According to 8 Wall Street analysts that have issued a 1 year LH price target, the average LH price target is $328.50, with the highest LH stock price forecast at $377.00 and the lowest LH stock price forecast at $278.00.

On average, Wall Street analysts predict that Laboratory Corp Of America Holdings's share price could stay at $328.50 by Nov 1, 2022. The average Laboratory Corp Of America Holdings stock price prediction forecasts a potential downside of N/A from the current LH share price of $285.45.

What is LH's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: LH) Laboratory Corp Of America Holdings's current Earnings Per Share (EPS) is $28.42. On average, analysts forecast that LH's EPS will be $23.77 for 2021, with the lowest EPS forecast at $23.16, and the highest EPS forecast at $24.35. On average, analysts forecast that LH's EPS will be $16.54 for 2022, with the lowest EPS forecast at $16.05, and the highest EPS forecast at $17.02. In 2023, LH's EPS is forecast to hit $17.69 (min: $16.61, max: $18.11).

What is LH's forecast return on equity (ROE) for 2021-2023?

(NYSE: LH) forecast ROE is 16.09%, which is considered weak.
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