Laboratory Corporation of America Holdings to Seek Strategic M&A Acquisitions (2024)

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02:20:50 2024-06-04 pm EDT
5-day change 1st Jan Change
194.4 USD -0.31% Laboratory Corporation of America Holdings to Seek Strategic M&A Acquisitions (1) -0.89% -14.45%
Jun. 03 Labcorp Holdings Inc. Announces New Strategic Service Offerings Within Precision Oncology Portfolio CI
May. 30 JPMorgan Adjusts Price Target on Laboratory Corp of America Holdings to $243 From $261 MT

Laboratory Corporation of America Holdings (NYSE:LH) is looking for acquisitions. Glenn Eisenberg, Executive Vice President and Chief Financial Officer said, "we expect to target the free cash flow that we generate this year to both M&A and the buybacks. So assume that we will be in the market each quarter within buybacks, but the level of buybacks will be, as Adam commented earlier, driven off of the amount of acquisitions we do. And we have a good pipeline of deals. But like in most years, or at least most normal years, always expect it to be -- they're not mutually exclusive that we expect to continue to do, strategic M&A acquisitions as well as repurchasing shares with our excess cash flow. But we've not quantified the amount, but obviously, it would be within a range of our guidance".

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Latest news about Labcorp Holdings Inc.

Labcorp Holdings Inc. Announces New Strategic Service Offerings Within Precision Oncology Portfolio CI
JPMorgan Adjusts Price Target on Laboratory Corp of America Holdings to $243 From $261 MT
Some of the biggest splits in Corporate America RE
Declaration of Voting Results by Laboratory Corporation of America Holdings CI
Declaration of Voting Results by Laboratory Corporation of America Holdings CI
Declaration of Voting Results by Laboratory Corporation of America Holding CI
Laboratory Corp Of America Holdings Insider Sold Shares Worth $421,655, According to a Recent SEC Filing MT
Baird Adjusts Price Target on Laboratory Corp of America Holdings to $256 From $255, Keeps Outperform Rating MT
Labcorp Introduces First Trimester Screening Test to Assess Preeclampsia Risk During Pregnancy CI
Tara Health Files an Exempt Solicitation Statement and Recommend Vote for its Proposal CI
Tranche Update on Laboratory Corporation of America Holdings (NYSE:LH)'s Equity Buyback Plan announced on December 9, 2021. CI
Baird Adjusts Laboratory Corp of America Holdings' Price Target to $255 From $244 MT
Labcorp Receives US FDA's Approval for Companion Diagnostic Device for Use With Pfizer's Hemophilia B Gene Therapy MT
US FDA publishes final rule for laboratory developed tests RE
Labcorp Receives FDA Approval for First Companion Diagnostic for Use with Pfizer's Newly Approved Gene Therapy to Treat Patients with Hemophilia B CI
Baird Adjusts Laboratory Corp of America Holdings' Price Target to $244 From $255 MT
Barclays Adjusts Price Target on Laboratory Corp of America Holdings to $213 From $234 MT
Truist Cuts Price Target on Laboratory Corp of America Holdings to $255 From $270, Keeps Buy Rating MT
Evercore ISI Cuts Laboratory Corp of America Holdings' Price Target to $210 From $225 MT
Leerink Partners Adjusts Laboratory Corp of America Price Target to $242 From $260, Keeps Outperform Rating MT
Laboratory Corp of America Q1 Adjusted Earnings, Revenue Increase; 2024 Adjusted EPS Outlook Updated MT
Transcript : Laboratory Corporation of America Holdings, Q1 2024 Earnings Call, Apr 25, 2024
Earnings Flash (LH) LABORATORY CORPORATION OF AMERICA HOLDINGS Reports Q1 Revenue $3.18B, vs. Street Est of $3.12B MT
Earnings Flash (LH) LABORATORY CORPORATION OF AMERICA HOLDINGS Reports Q1 EPS $3.68, vs. Street Est of $3.48 MT
Laboratory Corporation of America Holdings Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

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Laboratory Corporation of America Holdings to Seek Strategic M&A Acquisitions (2)

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Company Profile

Labcorp Holdings Inc. provides comprehensive laboratory services that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. By leveraging its unparalleled diagnostics and drug development capabilities, the Company provides insights and accelerates innovations to improve health and improve lives. The Company operates through two segments: Diagnostics Laboratories (Dx) and Biopharma Laboratory Services (BLS). The Diagnostics Laboratories segment includes routine testing and specialty/esoteric testing. Dx operates through a network of patient service centers, branches, rapid response laboratories, primary laboratories, and specialty laboratories. The Biopharma Laboratory Services segment consists of early development research laboratories and central laboratory services. The Company serves clients in more than 100 countries.

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Ratings for Labcorp Holdings Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B

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Analysts' Consensus

Sell

Laboratory Corporation of America Holdings to Seek Strategic M&A Acquisitions (3)

Buy

Mean consensus

BUY

Number of Analysts

17

Last Close Price

195USD

Average target price

238.5USD

Spread / Average Target

+22.28%

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Laboratory Corporation of America Holdings to Seek Strategic M&A Acquisitions (2024)

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