Laboratory Corp. of America (LH) PT Set at $167.00 by Jefferies Group

Lloyd Doyle
December 12, 2017

The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.55 billion. It operates through three divisions: Oil and Gas Exploration and Production, Midstream, and Marketing. It offers knit tops, woven shirts, graphic T-shirts, fleece, sweaters, jeans, woven trousers, shorts, outerwear, dresses, intimates, and swimwear; and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brand names.

Transamerica Financial Advisors Inc increased Laboratory Corp Amer Hldgs (LH) stake by 270.86% reported in 2017Q2 SEC filing. Stack Financial Management Inc sold 1,985 shares as Laboratory Corp. FMR LLC now owns 1,780,950 shares of the medical research company's stock worth $274,516,000 after acquiring an additional 153,546 shares in the last quarter. Janney Capital Management LLC owned about 0.09% of Laboratory Corp. of America worth $13,576,000 at the end of the most recent reporting period.

Laboratory Corp. of America (NYSE LH) traded down $0.47 during trading hours on Friday, reaching $155.79. The company's stock had a trading volume of 672,300 shares, compared to its average volume of 720,924.

Nordea Investment Management AB trimmed its stake in shares of Laboratory Corp. of America Holdings (NYSE:LH) by 13.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). It has underperformed by 16.70% the S&P500. Therefore 50% are positive. During the same quarter last year, the business posted $2.25 EPS. equities research analysts predict that Laboratory Corp. of America will post 9.52 EPS for the current fiscal year. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has "Overweight" rating given on Thursday, July 27 by Barclays Capital. New York-based Chemung Canal Tru Company has invested 0.28% in Laboratory Corporation of America Holdings (NYSE:LH). As per Monday, September 11, the company rating was maintained by Canaccord Genuity. Tredegar Corporation (NYSE:TG) has risen 1.69% since December 11, 2016 and is uptrending.

Among 18 analysts covering Laboratory Corp (NYSE:LH), 9 have Buy rating, 0 Sell and 9 Hold. Mizuho maintained the shares of LH in report on Thursday, September 15 with "Neutral" rating. The firm has "Hold" rating by Mizuho given on Friday, December 1. Craig Hallum maintained it with "Buy" rating and $180.0 target in Thursday, October 26 report. Indiana Investment Mngmt holds 0.1% or 1,366 shares in its portfolio. It also reduced its holding in Willis Towers Watson Pub Ltd by 162,228 shares in the quarter, leaving it with 7,000 shares, and cut its stake in Liberty Interactive Corp (NASDAQ:QVCA). Ishares Tr (TIP) was reduced too.

Investors sentiment decreased to 0.9 in Q2 2017. The firm has a market cap of $15,960.00, a P/E ratio of 16.80, a PEG ratio of 1.66 and a beta of 0.87. It is positive, as 44 investors sold LH shares while 207 reduced holdings.


Other hedge funds and other institutional investors also recently made changes to their positions in the company. 575,300 are owned by Sterling Mgmt Ltd. University Of Notre Dame Du Lac stated it has 0.8% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Sei Invs Commerce invested in 123,197 shares. Fmr Ltd Llc has 1.78M shares for 0.03% of their portfolio. Lmr Prns Limited Liability Partnership owns 6,298 shares for 0.06% of their portfolio. Credit Suisse Group reissued a "buy" rating and issued a $146.00 price target on shares of Laboratory Corporation of America Holdings in a report on Sunday, May 28th. Victory Management Inc invested 0.02% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Victory Mngmt Inc holds 0% or 23,532 shares. Regent Investment Management Lc reported 5,769 shares. Lpl Fincl Ltd Limited Liability Company holds 5,263 shares. First Savings Bank Of Omaha holds 0.38% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH) for 39,083 shares. White Pine Inv Company stated it has 25,995 shares or 2.14% of all its holdings. Goldman Sachs downgraded the shares of LH in report on Tuesday, December 8 to "Neutral" rating. Capital Ltd Liability owns 2,360 shares for 0.03% of their portfolio.

Laboratory Corporation of America Holdings is a life sciences company that is integrated in guiding patient care, providing clinical laboratory and end-to-end drug development services.

Sls Management Llc holds 11.03% of its portfolio in Abercrombie & Fitch Co. for 835,614 shares. Following the transaction, the director now directly owns 3,501 shares of the company's stock, valued at $537,473.52. Highvista Strategies Lc, a Massachusetts-based fund reported 3,900 shares. About 101,776 shares traded. (NASDAQ:AVXL) has risen 38.07% since December 11, 2016 and is uptrending. It has underperformed by 15.01% the S&P500. Robert W. Baird has "Hold" rating and $167.0 target.

In other news, Director Dwight Gary Gilliland sold 971 shares of the company's stock in a transaction on Monday, October 30th. They set an "outperform" rating and a $175.00 target price for the company. The rating was maintained by Barclays Capital with "Equal Weight" on Tuesday, October 4. The firm has "Buy" rating by Paradigm Research given on Monday, July 18. Mizuho maintained Abercrombie & Fitch Co.

Among 10 analysts covering Two Harbors Investment (NYSE:TWO), 6 have Buy rating, 0 Sell and 4 Hold. The firm earned "Neutral" rating on Wednesday, May 4 by Alembic. On Thursday, October 12 the stock rating was upgraded by Wells Fargo to "Buy".

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