Quest Diagnostics (DGX) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Quest Diagnostics in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DGX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DGX, but not buy additional shares or sell existing shares.
View DGX analyst ratings or view top-rated stocks.

10 Wall Street research analysts have issued 12 month price objectives for Quest Diagnostics' shares. Their DGX share price forecasts range from $140.00 to $165.00. On average, they anticipate the company's share price to reach $151.20 in the next year. This suggests a possible upside of 15.0% from the stock's current price.
View analysts price targets for DGX or view top-rated stocks among Wall Street analysts.

Quest Diagnostics' stock was trading at $156.44 at the beginning of the year. Since then, DGX shares have decreased by 15.9% and is now trading at $131.49.
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Quest Diagnostics saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 4,120,000 shares, an increase of 15.1% from the March 31st total of 3,580,000 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is currently 3.6 days. Approximately 3.7% of the shares of the company are sold short.
View Quest Diagnostics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our DGX earnings forecast.

Quest Diagnostics Incorporated (NYSE:DGX) issued its quarterly earnings data on Thursday, April, 27th. The medical research company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.97 by $0.07. The medical research company earned $2.33 billion during the quarter, compared to the consensus estimate of $2.20 billion. Quest Diagnostics had a trailing twelve-month return on equity of 16.51% and a net margin of 8.26%. Quest Diagnostics's quarterly revenue was down 10.7% on a year-over-year basis. During the same quarter last year, the company earned $3.22 EPS.
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Quest Diagnostics announced a quarterly dividend on Tuesday, May 16th. Shareholders of record on Tuesday, July 11th will be paid a dividend of $0.71 per share on Tuesday, July 25th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Monday, July 10th.
Read our dividend analysis for DGX.

ETFs with the largest weight of Quest Diagnostics (NYSE:DGX) stock in their portfolio include ETFMG Treatments Testing and Advancements ETF (GERM), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), iShares U.S. Healthcare Providers ETF (IHF), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), Davis Select U.S. Equity ETF (DUSA), Nuveen ESG Mid-Cap Value ETF (NUMV), Freedom Day Dividend ETF (MBOX) and VictoryShares Dividend Accelerator ETF (VSDA).

Quest Diagnostics (NYSE:DGX) pays an annual dividend of $2.84 per share and currently has a dividend yield of 2.17%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DGX will have a dividend payout ratio of 31.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DGX.

Quest Diagnostics announced that its board has initiated a stock repurchase plan on Thursday, February 2nd 2023, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Quest Diagnostics updated its FY23 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $8.45-8.95 for the period, compared to the consensus EPS estimate of $8.70. The company issued revenue guidance of $8.93-9.08 billion, compared to the consensus revenue estimate of $8.98 billion.

1,053 employees have rated Quest Diagnostics Chief Executive Officer Steve Rusckowski on Glassdoor.com. Steve Rusckowski has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Quest Diagnostics investors own include CA (CA), BlackRock (BLK), Johnson & Johnson (JNJ), Micron Technology (MU), Gilead Sciences (GILD), Pfizer (PFE), Abbott Laboratories (ABT), NVIDIA (NVDA), Intel (INTC) and Cisco Systems (CSCO).

Quest Diagnostics trades on the New York Stock Exchange (NYSE) under the ticker symbol "DGX."

Quest Diagnostics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.66%), State Street Corp (5.07%), Providence Capital Advisors LLC (3.87%), Victory Capital Management Inc. (2.80%), American Century Companies Inc. (2.44%) and Geode Capital Management LLC (2.10%). Insiders that own company stock include Catherine T Doherty, Daniel Stanzione, Gail R Wilensky, Mark Guinan, Michael E Prevoznik, Michael J Deppe, Stephen H Rusckowski, Stephen H Rusckowski and Timothy M Ring.
View institutional ownership trends.

Shares of DGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DGX stock can currently be purchased for approximately $131.49.

Quest Diagnostics (NYSE:DGX) has a market capitalization of $14.73 billion and generates $9.88 billion in revenue each year. The medical research company earns $946 million in net income (profit) each year or $6.78 on an earnings per share basis.

The company employs 49,000 workers across the globe.

Quest Diagnostics' mailing address is 500 PLAZA DRIVE, SECAUCUS NJ, 07094. The official website for the company is www.questdiagnostics.com. The medical research company can be reached via phone at (973) 520-2700, via email at investor@questdiagnostics.com, or via fax at 201-462-4169.