Loews Corp. (NYSE: L) has seen a rise in its stock price by 0.96 in relation to its previous close of 73.14. However, the company has experienced a 0.04% gain in its stock price over the last five trading sessions. PRNewsWire reported 2024-01-16 that NEW YORK, Jan. 16, 2024 /PRNewswire/ — Loews Corporation (NYSE: L) will report fourth quarter 2023 financial results on Monday, February 5, 2024. On that date the Company will also post earnings remarks on its website.
Is It Worth Investing in Loews Corp. (NYSE: L) Right Now?
Loews Corp. (NYSE: L) has a higher price-to-earnings ratio of 11.74x compared to its average ratio. L has 36-month beta value of 0.83. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for L is 184.31M, and currently, short sellers hold a 1.02% ratio of that float. The average trading volume of L on April 19, 2024 was 796.05K shares.
L’s Market Performance
L stock saw a decrease of 0.04% in the past week, with a monthly decline of -4.61% and a quarterly a decrease of 3.29%. The volatility ratio for the week is 1.31%, and the volatility levels for the last 30 days are 1.23% for Loews Corp. (L). The simple moving average for the past 20 days is -2.86% for L’s stock, with a 8.57% simple moving average for the past 200 days.
Analysts’ Opinion of L
Many brokerage firms have already submitted their reports for L stocks, with Deutsche Bank repeating the rating for L by listing it as a “Hold.” The predicted price for L in the upcoming period, according to Deutsche Bank is $43 based on the research report published on November 02, 2016 of the previous year 2016.
Deutsche Bank, on the other hand, stated in their research note that they expect to see L reach a price target of $44, previously predicting the price at $48. The rating they have provided for L stocks is “Hold” according to the report published on August 06th, 2015.
Deutsche Bank gave a rating of “Hold” to L, setting the target price at $51 in the report published on March 24th of the previous year.
L Trading at -1.87% from the 50-Day Moving Average
After a stumble in the market that brought L to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.00% of loss for the given period.
Volatility was left at 1.23%, however, over the last 30 days, the volatility rate increased by 1.31%, as shares sank -5.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.41% upper at present.
During the last 5 trading sessions, L rose by +0.04%, which changed the moving average for the period of 200-days by +23.64% in comparison to the 20-day moving average, which settled at $75.82. In addition, Loews Corp. saw 6.11% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at L starting from SIEGEL KENNETH I, who sale 6,322 shares at the price of $75.50 back on Mar 06 ’24. After this action, SIEGEL KENNETH I now owns 6,993 shares of Loews Corp., valued at $477,311 using the latest closing price.
BERMAN ANN E, the Director of Loews Corp., sale 951 shares at $75.02 during a trade that took place back on Mar 01 ’24, which means that BERMAN ANN E is holding 3,292 shares at $71,344 based on the most recent closing price.
Stock Fundamentals for L
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.89 for the gross margin
The net margin for Loews Corp. stands at 0.09. The total capital return value is set at 0.01. Equity return is now at value 9.46, with 1.99 for asset returns.
Based on Loews Corp. (L), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 1.12.
Currently, EBITDA for the company is -1.66 billion with net debt to EBITDA at 19.12. When we switch over and look at the enterprise to sales, we see a ratio of 1.59. The receivables turnover for the company is 1.7for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
Conclusion
To put it simply, Loews Corp. (L) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
