Loews Corp (NYSE:L) does about 777.11K shares in volume on a normal day but saw 1202825 shares change hands in the recent trading day. The company now has a market cap of 18.51B USD. Its current market price is $88.27, marking a decrease of -0.37% compared to the previous close of $88.60. The 52 week high reached by this stock is $92.42 whilst the lowest price level in 52 weeks is $73.15.
The consensus objective for the share price is $82.00, suggesting that the stock has a potential downside of -7.65% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 02, 2016 when Deutsche Bank reiterated the stock to “Hold” and issued a price target of between $42 and $43. Deutsche Bank downgraded its price target at $53-$51.
The current price level is -0.39%, 1.14%, and 4.60% away from its SMA20, SMA50, and SMA200 respectively, with the L price moving above the 50-day SMA on current market day. Loews Corp (L) stock is up 0.14% over the week and -1.25% over the past month. Its price is 4.23% year-to-date and 19.01% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to shrink -7.65 percent from here.
The company has a return on investment of 5.18% and return on equity of 7.95%. The price to earnings ratio (P/E ratio) amounts to 14.50. The beta has a value of 0.70. Price to book ratio is 1.08 and price to sales ratio is 1.04.
