Health Care Services

Canaccord Genuity initiates its coverage on Laboratory Corporation of America Holdings (NYSE: LH) with a Buy rating and a price target of $100. Canaccord Genuity comments, "LabCorp has demonstrated a consistent track record as the low-cost lab provider, with a 5% discount to its closest...

Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 78 points to 12,581.00 and S&P 500 index futures rose 8.20 points to 1,330.20. Nasdaq 100 futures gained 17 points to 2,574.00. A Peek Into Global Markets European markets were...

The Board of Directors of LHC Group Inc. (Nasdaq: LHCG) has reaffirmed the Company's commitment to maximizing shareholder value as an independent public corporation, concluding the Company's previously announced review of strategic alternatives. The review process commenced in November 2011 and...

Feltl & Company lowers its rating on MEDTOX Scientific (NASDAQ: MTOX) from Buy to Hold following its acquisition from LabCorp (NYSE: LH). Price target is raised from $21.50 to the acquisition price of $27. Feltl & Company comments, "MEDTOX announced this morning that the company has...

By 10:20 am, the Dow Jones Industrial Average was down 28.16 points, or 0.23%, to 12,090.41, while the broader Standard & Poor's 500 index had dropped 2.82 points, or 0.22%. The NASDAQ composite index rose 0.63 points, or 0.02%. Some of the narrow based indexes that are supporting the markets...

Cleveland BioLabs Inc (NASDAQ: CBLI) surged 51.18% to $1.92 at 9:50 am. CBLI reported strong survival results for its randomized, blinded, placebo-controlled efficacy study of CBLB502 in 179 non-human primates. MEDTOX Scientific Inc (NASDAQ: MTOX) climbed 35.69% to $26.73. Laboratory Corp. of...

Laboratory Corporation of America® Holdings (NYSE: LH) and MEDTOX Scientific, Inc. (NASDAQ: MTOX), a provider of high quality specialized laboratory testing services and on-site/point-of-collection testing (POCT) devices, today announced that they had entered into a definitive merger agreement...

XDx, Inc. announced today that it has entered into a collaboration and license agreement with Laboratory Corporation of America® Holdings (LabCorp) (NYSE: LH) whereby each party will collaborate in marker discovery, and LabCorp will develop and commercialize a diagnostic test to predict flares of...

Below are the top small-cap home health care stocks on the NYSE and the NASDAQ in terms of cash. Gentiva Health Services Inc (NASDAQ: GTIV) had $72.76 million in total cash and $938.22 million in total debt for the latest quarter. Lincare Holdings Inc (NASDAQ: LNCR) had $69.11 million in total...

Below are the top home health care stocks on the NYSE, the NASDAQ and the AMEX in terms of return on equity. The trailing-twelve-month return on equity at Chemed Corp (NYSE: CHE) is 19.66%. CHE's revenue for the same period is $1.38 billion. The trailing-twelve-month return on equity at Lincare...

Jefferies lowers its price target from $20 to $19 on Hold-rated LHC Group (NASDAQ: LHCG) reflecting concerns that the company's expense management, currently strong, may not be sustainable. Jefferies notes, "LHCG's terrific job of tightening costs during Q1 yielded a robust beat vs. consensus....

KeyCorp (NYSE: KEY) reporetd a 32% drop in its first-quarter profit. KeyCorp's quarterly profit fell to $200 million, from a year-ago profit of $263 million. Its per-share profit rose to $0.20, from $0.19. Total revenue climbed 5.5% to $1.03 billion. Analysts were expecting a profit of $0.19 per...

Laboratory Corporation of America Holdings (NYSE: LH) reported a stronger-than-expected first-quarter profit. LabCorp's quarterly net income rose to $161.6 million, or $1.63 per share, from $127.1 million, or $1.23 per share, in the year-ago period. Excluding items, LabCorp earned $1.74 per share...

Laboratory Corporation of America® Holdings (NYSE: LH) announced today that its Zero Coupon Convertible Subordinated Notes due 2021 (Zero Coupon Notes) may be converted as set forth below. The Zero Coupon Notes are convertible into cash and Common Stock of LabCorp, if any, subject to the terms of...

Below are the top home health care stocks on the NYSE and the NASDAQ in terms of PEG ratio. Gentiva Health Services Inc (NASDAQ: GTIV) has a PEG ratio of 0.62. GTIV's trailing-twelve-month revenue is $1.80 billion. Chemed Corp (NYSE: CHE) has a PEG ratio of 0.89. CHE's trailing-twelve-month...