Jefferies Maintains a 'Hold' on Laboratory Corporation (LH); Raising Numbers on Continued Shareholder Value
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Price: $100.71 +0.91%
Rating Summary:
4 Buy, 18 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
4 Buy, 18 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade LH Now!
Jefferies maintains a 'Hold' on Laboratory Corporation of America (NYSE: LH) price target raised from $91 to $93.
Analyst, Arthur I. Henderson, said, "We are raising our FY12 estimate to $7.00 (from $6.95) to reflect the impact from assumed share repurchases. We are also establishing an FY13 estimate of $7.75 that assumes modest top line growth of 3% (1% volume and 2% net price) and expanded EBITDA margins (24.5% in 2013 up from 24.1% in 2012 and 23.4% in 2011). Margin expansion is expected from improved performance of acquired labs."
For an analyst ratings summary and ratings history on Laboratory Corporation of America click here. For more ratings news on Laboratory Corporation of America click here.
Shares of Laboratory Corporation of America closed at $89.06 yesterday, with a 52 week range of $74.57-$100.94.
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Analyst, Arthur I. Henderson, said, "We are raising our FY12 estimate to $7.00 (from $6.95) to reflect the impact from assumed share repurchases. We are also establishing an FY13 estimate of $7.75 that assumes modest top line growth of 3% (1% volume and 2% net price) and expanded EBITDA margins (24.5% in 2013 up from 24.1% in 2012 and 23.4% in 2011). Margin expansion is expected from improved performance of acquired labs."
For an analyst ratings summary and ratings history on Laboratory Corporation of America click here. For more ratings news on Laboratory Corporation of America click here.
Shares of Laboratory Corporation of America closed at $89.06 yesterday, with a 52 week range of $74.57-$100.94.
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