Shares of Laboratory Corporation of America Holdings (NYSE:LH) traded at a new 52-week high today of $309.60. So far today approximately 86,000 shares have been exchanged, as compared to an average 30-day volume of 649,000 shares.
Laboratory Corporation of America Holdings (NYSE:LH) defies analysts with a current price ($307.88) 46.0% above its average consensus price target of $166.32.
In the past 52 weeks, shares of Laboratory Corporation of America Holdings have traded between a low of $171.18 and a high of $309.60 and is now at $307.88, which is 80% above that low price.
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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