Laboratory Corporation of America Holdings (NYSE:LH) traded at a new 52-week high today of $254.91. Approximately 805,000 shares have changed hands today, as compared to an average 30-day volume of 796,000 shares.
In the past 52 weeks, Laboratory Corporation of America Holdings share prices are bracketed by a low of $100.33 and a high of $254.91 and is now at $251.07, 150% above that low price.
Laboratory Corporation of America Holdings (NYSE:LH) defies analysts with a current price ($251.07) 3.5% above its average consensus price target of $242.35.
Laboratory Corporation of America is one of the nation’s two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing. With the addition of Covance, LabCorp also has a sizable footprint in the global contract research organization market.
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