Bernstein Remains a Buy on Loews (L)

Bernstein analyst maintained a Buy rating on Loews yesterday and set a price target of $200.00. The company’s shares closed yesterday at $109.16.

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Currently, the analyst consensus on Loews is a Moderate Buy with an average price target of $200.00.

Based on Loews’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.66 billion and a net profit of $402 million. In comparison, last year the company earned a revenue of $4.47 billion and had a net profit of $187 million

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of L in relation to earlier this year. Last month, Mark S. Schwartz, the V.P., C.A.O. and Treasurer of L sold 3,150.00 shares for a total of $346,500.00.