Loews Corp (NYSE: L) has reported E.P.S. of $2.05 for its first fiscal quarter (ending March 31) versus $1.61 for the same period a year ago — an increase of 27%. For the latest four quarters through March 31, E.P.S. were $6.75 compared to $3.69 a year ago — an increase of 83%.
Recent Price Action
On 5/6/24, Loews Corp (NYSE: L) stock increased 1.8%, closing at $77.74. NORMAL trading volume accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 3.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, L is expected to be a modest Value Builder.
Loews has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Loews has a slightly positive Appreciation Score of 64 and a good Power Rating of 82, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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