Laboratory Stock Buy Hold or Sell Recommendation

LH Stock  USD 216.57  3.05  1.43%   
Allowing for the 90-day total investment horizon and your above-average risk tolerance, our recommendation regarding Laboratory is 'Cautious Hold'. Macroaxis provides Laboratory buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding LH positions. The advice algorithm takes into account all of Laboratory's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Laboratory's buy or sell advice are summarized below:
Real Value
231.3
Target Price
244.08
Hype Value
216.69
Market Value
216.57
Naive Value
214.27
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Laboratory given historical horizon and risk tolerance towards Laboratory. When Macroaxis issues a 'buy' or 'sell' recommendation for Laboratory, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Laboratory Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For more detail on how to invest in Laboratory Stock please use our How to Invest in Laboratory guide.
In addition, we conduct extensive research on individual companies such as Laboratory and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Laboratory. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

Execute Laboratory Buy or Sell Advice

The Laboratory recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Laboratory. Macroaxis does not own or have any residual interests in Laboratory or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Laboratory's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell LaboratoryBuy Laboratory
Cautious Hold

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

Strong BuyDetails

Financial Strenth (F Score)

StrongDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Possible ManipulatorDetails
For the selected time horizon Laboratory has a Mean Deviation of 0.888, Standard Deviation of 1.15 and Variance of 1.32
Macroaxis provides trade recommendations on Laboratory to complement and cross-verify current analyst consensus on Laboratory. Our advice engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Laboratory is not overpriced, please verify all Laboratory fundamentals, including its shares outstanding, gross profit, book value per share, as well as the relationship between the price to earning and cash per share . Given that Laboratory has a price to earning of 12.69 X, we recommend you to check Laboratory market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your last-minute risk tolerance and investing horizon.

Laboratory Trading Alerts and Improvement Suggestions

Laboratory generated a negative expected return over the last 90 days
Laboratory has a strong financial position based on the latest SEC filings
Over 98.0% of the company shares are owned by institutional investors
On 13th of March 2024 Laboratory paid $ 0.72 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Labcorp to Announce First Quarter Financial Results on April 25, 2024

Laboratory Returns Distribution Density

The distribution of Laboratory's historical returns is an attempt to chart the uncertainty of Laboratory's future price movements. The chart of the probability distribution of Laboratory daily returns describes the distribution of returns around its average expected value. We use Laboratory price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Laboratory returns is essential to provide solid investment advice for Laboratory.
Mean Return
-0.03
Value At Risk
-2.47
Potential Upside
1.93
Standard Deviation
1.15
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Laboratory historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Laboratory Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Laboratory is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Laboratory backward and forwards among themselves. Laboratory's institutional investor refers to the entity that pools money to purchase Laboratory's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Norges Bank2023-12-31
1.3 M
Bank Of America Corp2023-12-31
1.3 M
Ubs Asset Mgmt Americas Inc2023-12-31
1.2 M
Northern Trust Corp2023-12-31
1.2 M
Veritas Investment Partners (uk) Ltd.2023-12-31
1.1 M
Amvescap Plc.2023-12-31
1.1 M
Fmr Inc2023-12-31
1.1 M
Allspring Global Investments Holdings, Llc2023-12-31
M
Nuveen Asset Management, Llc2023-12-31
920.5 K
Blackrock Inc2023-12-31
10.5 M
Vanguard Group Inc2023-12-31
9.7 M
Note, although Laboratory's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Laboratory Cash Flow Accounts

201920202021202220232024 (projected)
Change In Cash(89.3M)983.3M151.9M(1.0B)216.2M227.0M
Free Cash Flow1.0B1.8B2.6B1.5B874.1M619.8M
Depreciation577.2M624.7M745.1M633.9M580.9M609.9M
Capital Expenditures400.2M381.7M460.4M481.9M453.6M476.3M
Net Income824.9M1.6B2.4B1.3B379.2M514.7M
End Period Cash Flow337.5M1.3B1.5B430M536.8M295.5M
Dividends Paid2.4B151.7M1B195.2M(254M)(241.3M)
Other Non Cash Items200.8M745.8M170.9M482.4M678.9M712.8M
Change To Inventory(21.9M)(196.6M)2.8M(45.5M)(700K)(735K)
Investments(1.3B)(643.2M)(14.6M)(1.7B)(1.1B)(1.1B)
Net Borrowings(409.3M)210.1M(412.2M)(375M)(337.5M)(320.6M)
Change To Netincome144M611.1M56M646.3M743.2M780.4M

Laboratory Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Laboratory or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Laboratory's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Laboratory stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.15
β
Beta against NYSE Composite0.92
σ
Overall volatility
1.18
Ir
Information ratio -0.14

Laboratory Volatility Alert

Laboratory exhibits very low volatility with skewness of -0.46 and kurtosis of 0.35. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Laboratory's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Laboratory's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Laboratory Fundamentals Vs Peers

Comparing Laboratory's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Laboratory's direct or indirect competition across all of the common fundamentals between Laboratory and the related equities. This way, we can detect undervalued stocks with similar characteristics as Laboratory or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Laboratory's fundamental indicators could also be used in its relative valuation, which is a method of valuing Laboratory by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Laboratory to competition
FundamentalsLaboratoryPeer Average
Return On Equity0.0423-0.31
Return On Asset0.0377-0.14
Profit Margin0.03 %(1.27) %
Operating Margin0.07 %(5.51) %
Current Valuation23.37 B16.62 B
Shares Outstanding84.1 M571.82 M
Shares Owned By Insiders0.25 %10.09 %
Shares Owned By Institutions98.37 %39.21 %
Number Of Shares Shorted2.13 M4.71 M
Price To Earning12.69 X28.72 X
Price To Book2.28 X9.51 X
Price To Sales1.50 X11.42 X
Revenue12.16 B9.43 B
Gross Profit4.39 B27.38 B
EBITDA1.7 B3.9 B
Net Income379.2 M570.98 M
Cash And Equivalents430 M2.7 B
Cash Per Share4.63 X5.01 X
Total Debt5.95 B5.32 B
Debt To Equity0.63 %48.70 %
Current Ratio1.73 X2.16 X
Book Value Per Share93.86 X1.93 K
Cash Flow From Operations1.33 B971.22 M
Short Ratio2.67 X4.00 X
Earnings Per Share4.33 X3.12 X
Price To Earnings To Growth0.50 X4.89 X
Target Price246.8
Number Of Employees56.95 K18.84 K
Beta1.0-0.15
Market Capitalization18.21 B19.03 B
Total Asset16.73 B29.47 B
Retained Earnings7.89 B9.33 B
Working Capital540.2 M1.48 B
Note: Payment of tradable shares by Peter Wilkinson of Laboratory subject to Rule 16b-3 [view details]

Laboratory Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Laboratory . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Laboratory Buy or Sell Advice

When is the right time to buy or sell Laboratory? Buying financial instruments such as Laboratory Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Other Current Liabilities1.4B1.1B804M502.9M
Total Assets20.4B20.2B16.7B17.6B

Use Investing Ideas to Build Portfolios

In addition to having Laboratory in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Food Products Thematic Idea Now

Food Products
Food Products Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Food Products theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Food Products Theme or any other thematic opportunities.
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When determining whether Laboratory offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Laboratory's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Laboratory Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Laboratory Stock:
Check out Laboratory Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For more detail on how to invest in Laboratory Stock please use our How to Invest in Laboratory guide.
Note that the Laboratory information on this page should be used as a complementary analysis to other Laboratory's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary Tools for Laboratory Stock analysis

When running Laboratory's price analysis, check to measure Laboratory's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Laboratory is operating at the current time. Most of Laboratory's value examination focuses on studying past and present price action to predict the probability of Laboratory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Laboratory's price. Additionally, you may evaluate how the addition of Laboratory to your portfolios can decrease your overall portfolio volatility.
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Is Laboratory's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Laboratory. If investors know Laboratory will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Laboratory listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.46)
Dividend Share
2.88
Earnings Share
4.33
Revenue Per Share
139.628
Quarterly Revenue Growth
0.035
The market value of Laboratory is measured differently than its book value, which is the value of Laboratory that is recorded on the company's balance sheet. Investors also form their own opinion of Laboratory's value that differs from its market value or its book value, called intrinsic value, which is Laboratory's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Laboratory's market value can be influenced by many factors that don't directly affect Laboratory's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Laboratory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laboratory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.