The Laboratory Corp. of America (LH) Receives Hold Rating from Jefferies Group

Marco Green
March 14, 2018

Another trade for 1,263 shares valued at $213,813 was sold by Schechter Adam H. DnB Asset Management AS now owns 11,474 shares of the medical research company's stock valued at $1,830,000 after purchasing an additional 300 shares in the last quarter. Rare Infrastructure Ltd who had been investing in Sempra Energy for a number of months, seems to be less bullish one the $28.02B market cap company.

The stock increased 2.54% or $0.99 during the last trading session, reaching $39.99. About 1.54 million shares traded. Sempra Energy (NYSE:SRE) has risen 8.27% since March 13, 2017 and is uptrending. Laboratory Corp. of America had a net margin of 12.15% and a return on equity of 16.30%. Redmond Asset Management Llc sold 17,471 shares as Laboratory Corp Amer Hldgs Com New (LH)'s stock declined 0.17%. The medical research company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.38 by $0.07. Laboratory Corp America Hldgs now has $17.90 billion valuation. The stock decreased 0.24% or $0.05 during the last trading session, reaching $21.15. Another trade for 971 shares valued at $149,068 was made by Gilliland Dwight Gary on Monday, October 30. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. analysts expect that Laboratory Corp. of America Holdings will post 11.54 earnings per share for the current fiscal year. It has underperformed by 6.19% the S&P500. ValuEngine raised shares of Laboratory Corp. of America from a hold rating to a buy rating in a research report on Friday, February 2nd. Therefore 63% are positive. Goldman Sachs Group started coverage on shares of Laboratory Corp. of America in a research report on Monday, January 29th. Barclays Capital maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Thursday, October 26. Canaccord Genuity maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Wednesday, January 3. UBS has "Neutral" rating and $125 target. The stock has "Buy" rating by Credit Suisse on Thursday, May 25. ValuEngine upgraded Laboratory Corp. of America from a "hold" rating to a "buy" rating in a report on Thursday, November 30th. The company was maintained on Tuesday, April 26 by Barclays Capital. Goldman Sachs downgraded the shares of LH in report on Tuesday, December 8 to "Neutral" rating. Of America Holdings (LH) by 9.88% based on its latest 2017Q3 regulatory filing with the SEC. Jefferies maintained it with "Hold" rating and $131 target in Tuesday, April 26 report.

Since October 30, 2017, it had 0 insider buys, and 4 insider sales for $2.32 million activity. ANDERSON KERRII B sold $548,124 worth of stock or 3,300 shares. The stock has "Hold" rating by Robert W. Baird on Sunday, October 15. Its down 0.16, from 1.06 in 2017Q2. DnB Asset Management AS raised its position in Laboratory Corp. of America by 2.7% during the fourth quarter. Snow Capital Mgmt LP has invested 0.1% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). The medical research company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.07.

News articles about Laboratory Corp. of America (NYSE:LH) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Lpl has invested 0% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH).

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. M&R Mgmt holds 25 shares. Iridian Asset Management LLC CT now owns 1,618,226 shares of the medical research company's stock valued at $258,123,000 after acquiring an additional 36,260 shares during the period. 42,116 are owned by State Of Alaska Department Of Revenue. 2,403 are held by Atria Invests Limited Liability Company. Gamco Et Al has invested 0% in Laboratory Corporation of America Holdings (NYSE:LH). Ngam Advisors Ltd Partnership stated it has 21,489 shares. Strs Ohio reported 13,731 shares. The shares were sold at an average price of $167.36, for a total transaction of $1,405,824.00. Montgomery Invest holds 9,410 shares or 0.63% of its portfolio.

Veritas Investment Management Llp increased Laboratory Corp Of America Holdings (LH) stake by 22.06% reported in 2017Q3 SEC filing. LH's profit will be $265.96M for 16.82 P/E if the $2.61 EPS becomes a reality. After $0.19 actual EPS reported by Caesarstone Ltd. for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth. Finally, Morgan Stanley lifted their price objective on shares of Laboratory Corp. of America from $182.00 to $192.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Therefore 86% are positive. The rating was initiated by Chardan Capital Markets on Wednesday, April 6 with "Buy". The firm has "Hold" rating given on Tuesday, February 6 by Mizuho. The stock now has a consensus rating of "Buy" and an average price target of $188.33. On Thursday, June 8 the stock rating was downgraded by Barclays Capital to "Equal-Weight". The stock of Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) earned "Buy" rating by BTIG Research on Friday, September 29. The firm has "Buy" rating given on Wednesday, September 6 by Robert W. Baird. The company was downgraded on Monday, November 7 by UBS. The rating was maintained by Citigroup on Friday, February 9 with "Neutral".

Ariel Investments Llc, which manages about $8.99 billion and $8.61 billion US Long portfolio, upped its stake in Cbs Corp. It also reduced Philip Morris International Inc (NYSE:PM) stake by 2,821 shares and now owns 73,631 shares.

Investors sentiment increased to 1.19 in 2017 Q3. 62 funds opened positions while 172 raised stakes. Pacad Investment, a British Columbia - Canada-based fund reported 2,900 shares. Shine Advisory Ser owns 532 shares. 1,392 are held by Teacher Retirement System Of Texas. Westpac Banking accumulated 15,377 shares. Peddock Cap Limited Liability Corp has 148 shares. Cvs Health Corp (NYSE:CVS) was reduced too. Coastline Trust Co now owns 5,400 shares of the medical research company's stock worth $861,000 after purchasing an additional 310 shares in the last quarter. Everence Capital Inc holds 0.19% of its portfolio in Sempra Energy (NYSE:SRE) for 7,343 shares. Huntington Financial Bank holds 0% or 900 shares in its portfolio. Tradition Capital Management Ltd Liability Com invested in 15,889 shares. Moreover, V3 Capital Management L.P. has 3.87% invested in the company for 448,818 shares. Nationwide Fund Advsrs has 66,317 shares.

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