You should consider shares of Stage Stores Inc. (NYSE:SSI) and Loews Corporation (NYSE:L) if you are looking for a great stocks to invest in. Starting with the SSI shares, which traded at $5.45 at the close of the recent session, gaining 13.78%. On Tuesday, the company’s shares shed $0.66 from its value which represented in intraday trading. The stock is now 253.90% higher in year-to-date (YTD) trading. SSI’s intraday high was $5.54 while its lowest price touched $4.59. The stock’s 52-week high price is $5.10, which means the current price is at 6.86%. In terms of trading activity, the daily trading volume rose to 1561654 against 200-day average trading volume of 335,484 shares.
What are analyst forecasts for Stage Stores Inc. (NYSE:SSI)?
At a consensus rating of 0.00, SSI is trending as a streaking No Ratings, as it has been the case a month ago when 0 analysts called it a No Ratings. Two months ago, 0 analysts recommended, on average, that SSI stock is a No Ratings. The Services company’s shares’ overall bullish trend saw it close higher on Tuesday compared to its opening price of $4.65 on the day.
Forecasts for Stage Stores Inc. (NYSE:SSI) give the stock a fair value for the growth of -445.0% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $1.00, which means the price per share could fall by nearly -$4.45. The price range target is between a low of $1.00 and a high of $1.00. The stock would need to loss by about $-445.0 to hit the estimated high or 0.1% from its 12-month low.
Stage Stores Inc. (NYSE:SSI) Upgrades and Downgrades
In terms of rating changes, Johnson Rice on May 12, 2017, Downgrade Stage Stores Inc. (SSI) at Hold. Analysts at Johnson Rice have assigned a Accumulate rating for the stock in their research note on April 03, 2017. Moreover, Northcoast analysts issued a rating of Neutral for the stock on February 07, 2017. On November 18, 2016, the stock earned a Sell rating due to an analyst call from Northcoast, while analysts from Telsey Advisory Group on August 19, 2016 suggested that the stock is Market Perform.
Loews Corporation (NYSE:L) adds -$1.67 on Tuesday
The L stock has risen 6.55% year-to-date and is currently trading at $48.50, which is -13.70% below its 52-week high. The company shares lost -3.33% on the day and have risen nearly 15.31% off a low hit. At current levels, Loews Corporation has a valuation of about $14.39B. As of 12/03/19, this stock has fallen -4.53% during the week and closed at $50.17 in the previous session. However, recent Loews Corporation stock performance shows that L shares are -2.59% down over the last month, and -0.31% down for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.52, with the trailing 12-month share earnings at $1.80. Over the next 5-year period, earnings per share will be 14.58%. But will the L stock surprise in the current quarter results, where the $0.22 actual EPS reported on 9/29/2019 surprised by -70.70% or was lower by -$0.53 from the estimated $0.75.
Sales Growth to climb 1.70% for the year
Forecasts for this fiscal year are between $13.98B and $13.98B and the consensus estimate for sales is at $13.98B.
Who owns shares in Loews Corporation (L)?
Let’s briefly focus on the share ownership of the Loews Corporation (NYSE:L) stock, where we find that 26.05% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 28.74 million shares or 9.66% of shares outstanding. Blackrock Inc. and JP Morgan Chase & Company held 18.02 million and 17.54 million representing 6.06% and 5.90% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 13.01 million shares at over 669.69 million. This represented 4.37% of shares outstanding. Price (T.Rowe) Associates Inc held 12.68 million shares at over 652.52 million representing 4.26% of shares outstanding.
L Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at Loews Corporation (L), a total of 40098 shares have been sold by insiders over the last 6 months while 100977 shares were added in the same time span. On 1/02/2019, Co-Chairman by the name Tisch Andrew H sold 37084.0 shares worth $1.7 million at the price of $44.73 per share. Filings also show that Tisch James S sold a total of 37084.0 shares on 1/02/2019 valued at $1.7 million. Since the last insider activity, the company’s share price has climbed 11.29%.