Professional
Added to YB: 2024-06-12
Pitch date: 2024-06-04
LH [bullish]
Labcorp Holdings Inc.
+36.59%
current return
Author Info
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Company Info
Labcorp Holdings Inc. provides laboratory services. It operates through two segments, Diagnostics Laboratories and Biopharma Laboratory Services.
Market Cap
$21.6B
Pitch Price
$193.41
Price Target
250.00 (-5%)
Dividend
1.11%
EV/EBITDA
12.28
P/E
25.58
EV/Sales
2.01
Sector
Health Care Providers and Services
Category
growth
Labcorp Holdings Inc.: Raised EPS guidance
LH: Raising 2024 EPS guidance on strong Base Business diagnostics & biopharma trial demand. Expanding in oncology, women's health, Alzheimer's, weight-loss via M&A & new tests. Q1 EPS $3.68 (+6.4% YoY), rev $3.18B (+4.6%). 14.3% adj op margin. Medium-High financial strength. 12.1x 2025E EPS. $250 PT.
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