Loews Corp (NYSE: L) has reported E.P.S. of $1.82 for its third fiscal quarter (ending September 30) versus $1.12 for the same period a year ago — an increase of 62%. For the latest four quarters through September 30, E.P.S. were $7.54 versus $5.81 for the same period a year ago — an increase of 30%.
Recent Price Action
Loews Corp (NYSE: L) stock closed at $76.51 on 11/4/24 after a decline of -3.5%. Moreover, unusually high trading volume at 153% of normal accompanied the decline. The stock has declined -3.8% during the last week and has performed in line with the market over the last nine months.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Loews has a slightly positive Power Rating of 64 and a slightly positive Appreciation Score of 67, triggering 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.
Be the first to comment