Loews Corporation [L] moved down -0.96: Why It’s Important

Related

Share

Loews Corporation [NYSE: L] closed the trading session at $56.85 on 11/24/21. The day’s price range saw the stock hit a low of $56.70, while the highest price level was $57.39. The company report on November 12, 2021 that Loews Corporation Comments on Delaware Court of Chancery Ruling.

Loews Intends to Appeal.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Loews Corporation (NYSE: L) announced that the Delaware Court of Chancery issued a ruling in the class action litigation relating to its 2018 acquisition of the minority limited partner interests in its Boardwalk Pipelines subsidiary.

The stocks have a year to date performance of 26.28 percent and weekly performance of -0.56 percent. The stock has been moved at -2.29 percent over the last six months. The stock has performed -0.80 percent around the most recent 30 days and changed 2.25 percent over the most recent 3-months.

If compared to the average trading volume of 811.41K shares, L reached to a volume of 887416 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Loews Corporation [L]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for L shares is $60.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on L stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Loews Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 02, 2016. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $48 to $44. The new note on the price target was released on August 06, 2015, representing the official price target for Loews Corporation stock. Previously, the target price had yet another drop from $53 to $51, while Deutsche Bank kept a Hold rating on L stock.

The Average True Range (ATR) for Loews Corporation is set at 1.08, with the Price to Sales ratio for L stock in the period of the last 12 months amounting to 1.00. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 3.14. Price to Free Cash Flow for L in the course of the last twelve months was 9.12.

L stock trade performance evaluation

Loews Corporation [L] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.56. With this latest performance, L shares dropped by -0.80% in over the last four-week period, additionally sinking by -2.29% over the last 6 months – not to mention a rise of 26.64% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for L stock in for the last two-week period is set at 50.61, with the RSI for the last a single of trading hit 49.95, and the three-weeks RSI is set at 51.31 for Loews Corporation [L]. The present Moving Average for the last 50 days of trading for this stock 56.07, while it was recorded at 56.65 for the last single week of trading, and 54.67 for the last 200 days.

Loews Corporation [L]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Loews Corporation [L] shares currently have an operating margin of +8.26. Loews Corporation’s Net Margin is presently recorded at -6.75.

Return on Total Capital for L is now 2.67, given the latest momentum, and Return on Invested Capital for the company is -2.30. Return on Equity for this stock declined to -5.04, with Return on Assets sitting at -1.21. When it comes to the capital structure of this company, Loews Corporation [L] has a Total Debt to Total Equity ratio set at 115.80. Additionally, L Total Debt to Total Capital is recorded at 53.66, with Total Debt to Total Assets ending up at 27.29. Long-Term Debt to Equity for the company is recorded at 115.10, with the Long-Term Debt to Total Capital now at 53.33.

Reflecting on the efficiency of the workforce at the company, Loews Corporation [L] managed to generate an average of -$76,311 per employee.

Earnings per share (EPS) analysis for Loews Corporation [L] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for L. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Loews Corporation go to 14.03%.

>> 7 Top Picks for the Post-Pandemic Economy <<

Loews Corporation [L]: Insider Ownership positions

There are presently around $9,260 million, or 64.40% of L stock, in the hands of institutional investors. The top three institutional holders of L stocks are: VANGUARD GROUP INC with ownership of 22,950,132, which is approximately -3.045% of the company’s market cap and around 0.10% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 19,536,876 shares of the stock with an approximate value of $1.11 billion in L stocks shares; and JPMORGAN CHASE & CO, currently with $954.11 million in L stock with ownership of nearly -1.795% of the company’s market capitalization.

Positions in Loews Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 171 institutional holders increased their position in Loews Corporation [NYSE:L] by around 5,563,048 shares. Additionally, 206 investors decreased positions by around 8,518,471 shares, while 131 investors held positions by with 148,806,358 shares. The mentioned changes placed institutional holdings at 162,887,877 shares, according to the latest SEC report filing. L stock had 46 new institutional investments in for a total of 693,995 shares, while 35 institutional investors sold positions of 329,604 shares during the same period.

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam