Loews Corporation (NYSE:L) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.33 by 3 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.
Loews Corporation (NYSE:L): The mean estimate for the short term price target for Loews Corporation (NYSE:L) stands at $38.5 according to 2 Analysts. The higher price target estimate for the stock has been calculated at $42 while the lower price target estimate is at $35.
Loews Corporation (NYSE:L) rose 0.75% or 0.3 points on Tuesday and made its way into the gainers of the day. After trading began at $40.22 the stock was seen hitting $40.43 as a peak level and $39.972 as the lowest level. The stock ended up at $40.34. The daily volume was measured at 1,128,729 shares. The 52-week high of the share price is $40.87 and the 52-week low is $33.84. The company has a market cap of $13,676 million.
Shares of Loews Corporation rose by 2.49% in the last five trading days and 0.58% for the last 4 weeks. Loews Corporation is up 2.94% in the last 3-month period. Year-to-Date the stock performance stands at 5.4%.
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.