Laboratory Corporation Of America Reaches New 52-Week High (LH)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Laboratory Corporation of America Holdings (NYSE: LH) hit a new 52-week high Wednesday as it is currently trading at $101.04, above its previous 52-week high of $101.02 with 419,125 shares traded as of 12:55 p.m. ET. Average volume has been 840,300 shares over the past 30 days.

Laboratory Corporation of America has a market cap of $9.26 billion and is part of the health care sector and health services industry. Shares are up 16.2% year to date as of the close of trading on Tuesday.

Laboratory Corporation of America Holdings operates as an independent clinical laboratory company worldwide. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Laboratory Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Laboratory Corporation of America Ratings Report.

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