With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.79 million shares. The 52-week range on LH shows that it touched its highest point at $258.59 and its lowest point at $191.97 during that stretch. It currently has a 1-year price target of $275.12. With its current market cap of 20.61 billion, LH has annualized dividend of $2.88 while the current yield stands at 1.17%. Beta for the stock currently stands at 0.80.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LH was down-trending over the past week, with a drop of -1.00%, but this was up by 8.96% over a month. Three-month performance surged to 0.57% while six-month performance rose 0.96%. The stock gained 17.07% in the past year, while it has gained 7.39% so far this year. A look at the trailing 12-month EPS for LH yields 8.67 with Next year EPS estimates of 17.64. For the next quarter, that number is 4.19. This implies an EPS growth rate of 10.28% for this year and 9.77% for next year. EPS is expected to grow by 9.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.13%.
Float and Shares Shorts:
At present, 83.80 million LH shares are outstanding with a float of 83.13 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LH since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $14.5616 being high and $14.45151 being low. For LH, this leads to a yearly average estimate of $14.52157.
