Loews Corporation (NYSE:L) currently has a daily average trading volume of 826.92K but it saw 798615 shares traded on Wednesday. With a market cap of 13.04B USD, stock’s current market price of $57.17 came falling about -1.28 while comparing to the previous closing price of $57.91. In past 52 weeks, the stock remained buoying in the range of price level as high as $66.34 and as low as $49.36. In the recent trading on the day, stock has struck highest price mark of $57.82 while lowest mark touched by it was $57.10.
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Taking a look at 20-day trading activity of Loews Corporation (L) gives us an average price of $58.37, while its current price level is -13.82% below from 52-week high level whereas it is 15.82% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $57.05 while that of 200 days or SMA-200 reads an average of $57.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.55% during that period while stretching the period over a month that increases to 1.71%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.65 which implies that the stock is in neutral territory.
Loews Corporation (L)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $52.00 and $52.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $52.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $52.00. Average price target assigned by them is $52.00 which highlights a downside potential of -9.94% for the stock over that period. And to attain the median price target of $52.00 assigned by those analysts, stock has to subtract about -9.94% of value to its current levels.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, L’s stock price is moving -1.84% down while it is 1.89% when we observe its performance for the past one month. Year-to-date it is -1.99% down and over the past year, the stock is showing a downside performance of -10.81%.
The company is expected to be releasing its next quarterly report in 07/31/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, Loews Corporation’s total number of outstanding shares is 233.30M with 18.17% of that held by the insiders while 62.93% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.20% and return on equity (ROE) at 7.20%. It has a price to earnings ratio (P/E ratio) of 12.98. Stock’s beta reads 0.83. Stock has a price to book (P/B) ratio of 0.92 while price to sale or P/S ratio amounts to 0.90. Its return on asset (ROA) is 1.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Government Pension Fund – Global came shrinking its share ownership by -1.91% in the Loews Corporation (L) decreasing its stake to 3.05% with control over -0.14 million shares in the company. As per SEC documents, Government Pension Fund – Global sought 7,161,859 of company’s common stock of worth $412.31 million as per recent closing price of the stock. Government Pension Fund – Global is not the only institutional holder which restructured its stake in Loews Corporation, as Vanguard Total Stock Market ETF picked 6,201,850 shares of worth $357.04 million to bring its holdings to a total of 14758.0 shares. In the most recent quarter, Vanguard Mid Cap Index Fund came cutting its stake by -0.05% in the company and now holds 4.66 million or 1.98% of the company’s stake having worth of about 268.47 million.
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