Saturday, April 4, 2020

Loews Corporation (L) Shares fell -1.33%: Is it Good Time to Buy?

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The Loews Corporation (NYSE:L) went down by -1.33% in Wednesday’s trading session, a fall equivalent to -$0.45 from pervious market close price. The lowest point that the shares touched during the trading session was $32.24, while the peak of the day was recorded at a share price of $35.17. L finished the previous session at $33.74 according to the data provided by Barchart, while the trading volume was observed to be $2.48 million.

In the 100 days of trading, L managed to top a 49.09% Moving average. Additionally, Loews Corporation shares have achieved a 52-week range between 28.52 and 56.88 alongside 100 days raw stochastic set at 16.82%.

The number of shares outstanding, according to the fundamentals of the company, is set at 266.79M, equal to the value of $8.88B in market capitalization. In the last 30 days, Loews Corporation shares went down by -34.75%, adding 51.02 to growth in value, on top of a +16.73% boost since 02/25/20.

Loews Corporation (NYSE:L) Analyst’s Estimates

Loews Corporation (L) could record at least $0.72 per share in quarterly earnings in the upcoming report on 05/04/2020, a number that would actually represent an increase of 2.90 YOY.

According to the average analyst rating, Loews Corporation would be rated as Hold. Out of 1 different analysts monitoring L stock, 0 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 0 indicate that L is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.

On November 02, 2016, the stock earned a Reiterated rating due to a new analyst call from Deutsche Bank, while analysts from Deutsche Bank believe that the stock is set at Hold, as concluded on August 06, 2015. Deutsche Bank, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on March 24, 2014.

Regardless of the rating, Deutsche Bank did increase their price to $52 as they are considering target share price analysis. Susquehanna Financial, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on June 23, 2009, giving the stock a Positive rating.

L Key Ratios To Watch:

Taking in account the profitability of the Company, the operating margin has been recorded at +10.70. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 1.16%. Beta value of the stock is recorded at 0.88. Additionally, Loews Corporation is recording price volatility of 15.03% for the period of the last seven days and 9.48% in the last 30 days.

Loews Corporation (NYSE:L) Technical Outlook

For the period of the last 50 days, Loews Corporation had its Raw Stochastic average set at 16.82% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 23.23%. Stochastic %K for Loews Corporation, with the last 20 days included, was set at 17.19%, having Stochastic %D topping 12.67%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Loews Corporation stocks with recording -36.58% in metrics.

Loews Corporation Insider Watch:

Similarly, 50.40% of the company’s float is held by institutions – and there are 277 institutions in total holding shares of this company. The top three institutional holders of L stocks are: Vanguard Group, Inc. (The) with ownership of $1.49 billion, which is approximately 28341315 of the company’s shares; JP Morgan Chase & Company, holding 18222422 shares of the stock with an approximate value of $956.49 million; and Blackrock Inc., currently with more than 17868271 shares of the company valued at $937.91 million. Positions in Loews Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 25 insider purchases amounting to 394621 shares. Similarly, there were 23 sale transactions amounting to 120899 shares, with the net shares purchased during the last six months reaching 273,722.

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