Loews Corporation (NYSE:L) : 3 analysts are covering Loews Corporation (NYSE:L) and their average rating on the stock is 2.33, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Loews Corporation (NYSE:L) : 2 Wall Street analysts covering Loews Corporation (NYSE:L) believe that the average level the stock could reach for the short term is $38.5. The maximum price target given is $42 and the minimum target for short term is around $35, hence the standard deviation is calculated at $4.95.
Company shares have received an average consensus rating of Hold for the current week
Loews Corporation (NYSE:L): stock turned positive on Tuesday. Though the stock opened at $38.71, the bulls momentum made the stock top out at $39.03 level for the day. The stock recorded a low of $38.52 and closed the trading day at $39.03, in the green by 1.80%. The total traded volume for the day was 895,158. The stock had closed at $38.34 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Bower Joseph L, director of Loews Corp, had unloaded 072 shares at an average price of $39.95 in a transaction dated on June 10, 2016. The total value of the transaction was worth $2,876.
Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas, and operation of a chain of hotels. The Companys subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling, Inc. (Diamond Offshore); Boardwalk Pipeline Partners, LP (Boardwalk Pipeline), and Loews Hotels Holding Corporation (Loews Hotels). CNAs insurance products primarily include commercial property and casualty coverages, including surety. Diamond Offshore is engaged in the business of operating drilling rigs. Boardwalk Pipeline is engaged in natural gas and natural gas liquids transportation and storage and natural gas gathering and processing. The subsidiaries of Loews Hotels Holding Corporation operate a chain of 21 hotels.