Loews Corporation (L) shares are trading at lower $41.91 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $56.88 and the low is $27.33. Over the last 52 weeks, L is down -17.66% while the S&P 500 is up 15.19%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, L reported a profit of $183.0 million. Loews Corporation also saw revenues increase to $3.46 billion. In addition, L has free cash flow of $707.0 million as of 09-2020. The company’s EBITDA came in at $320.0 million which compares well with its peers.
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L booked profit margins of -8.60%, its Return on Equity (ROE) is -6.30%, and its Return on Assets is -1.40%. All told, it is clear that, L needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. L has a short ratio of 3.59 and outstanding shares of 279.40M.
L has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.84 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -3.94. Investors should also keep an eye on sector updates as L has historically followed its peers on positive news.
All told, Loews Corporation L has strung together solid data and demonstrated underlying fundamentals. At its current valuation, L represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Loews Corporation L is now commanding a market cap of 11.77B and a float of 232.04M. L is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of L stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in L, either long or short, and we have not been compensated for this article.