The price-to-earnings ratio for Loews Corp. (NYSE: L) is above average at 11.11x, Company’s 36-month beta value is 0.84.Analysts have differing opinions 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 183.09M, and currently, short sellers hold a 0.79% ratio of that floaft. The average trading volume of L on June 27, 2024 was 736.13K shares.
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L) stock’s latest price update
The stock of Loews Corp. (NYSE: L) has decreased by -1.71 when compared to last closing price of 76.14. Despite this, the company has experienced a -1.78% fall in its stock price over the last five trading sessions. youtube.com reported 2024-06-03 that Jonathan Tisch, Loews Hotels executive chairman and New York Giants co-owner, joins ‘Squawk on the Street’ to discuss the executive chairman’s thoughts on consumer spending, the company’s hotel in Texas, and the trend for corporate travel.
L’s Market Performance
Loews Corp. (L) has seen a -1.78% fall in stock performance for the week, with a 0.12% gain in the past month and a -2.67% plunge in the past quarter. The volatility ratio for the week is 1.54%, and the volatility levels for the past 30 days are at 1.52% for L. The simple moving average for the past 20 days is -0.67% for L’s stock, with a 4.88% 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 -1.27% 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 -4.72% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares surge +1.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.91% upper at present.
During the last 5 trading sessions, L fell by -1.78%, which changed the moving average for the period of 200-days by +19.88% in comparison to the 20-day moving average, which settled at $75.38. In addition, Loews Corp. saw 7.54% 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 HARRIS WALTER L, who sale 963 shares at the price of $75.80 back on Jun 03 ’24. After this action, HARRIS WALTER L now owns 22,906 shares of Loews Corp., valued at $72,995 using the latest closing price.
FRIBOURG PAUL J, the Director of Loews Corp., sale 963 shares at $75.80 during a trade that took place back on Jun 03 ’24, which means that FRIBOURG PAUL J is holding 0 shares at $72,995 based on the most recent closing price.
Stock Fundamentals for L
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.9 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 9.90, with 1.93 for asset returns.
Based on Loews Corp. (L), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 1.49.
Currently, EBITDA for the company is -1.66 billion with net debt to EBITDA at -39.78. When we switch over and look at the enterprise to sales, we see a ratio of 1.62. The receivables turnover for the company is 1.66for 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 0.66.
Conclusion
In a nutshell, Loews Corp. (L) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
