Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Laboratory Corp of America Holdi (NYSE: LH) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 4/8/24, Laboratory Corp of America Holdi (NYSE: LH) stock declined slightly by -0.5%, closing at $210.12. However, this decline was accompanied by below average trading volume at 80% of normal. The stock has performed in line with the market over the last nine months and has declined -3.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LH is expected to continue to be a major Value Builder.
Laboratory has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Laboratory has a slightly negative Appreciation Score of 30 and a neutral Power Rating of 55, triggering the Negative Value Trend Rating.
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