For its second fiscal quarter (ending June 30), Loews Corp (NYSE: L) has reported E.P.S. of $1.67 compared to $1.58 a year ago. E.P.S. were $6.84 for the latest four quarters through June 30 versus $4.59 for the same period a year ago.
Recent Price Action
Loews Corp (NYSE: L) stock declined modestly by -1.5% on 7/29/24. The stock closed at $78.86. Moreover, trading volume in this decline was above average at 133% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.0% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Loews has a slightly positive Appreciation Score of 66 and a good Power Rating of 72, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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