Loblaw Companies Limited (L.TO) – What Are Analysts Thinking About This Stock?

Shares of Loblaw Companies Limited (TSE:L – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$73.00.

L has been the subject of several research reports. TD Securities upgraded Loblaw Companies to a “strong-buy” rating in a report on Wednesday, July 29th. BMO Capital Markets lifted their price objective on Loblaw Companies from C$70.00 to C$73.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Desjardins lifted their price objective on Loblaw Companies from C$70.00 to C$72.00 and gave the company a “buy” rating in a report on Friday, July 31st. Scotia upped their price objective on shares of Loblaw Companies from C$64.00 to C$67.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce set a C$81.00 target price on shares of Loblaw Companies and gave the stock an “outperformer” rating in a report on Thursday.

Get Our Latest Stock Report on Loblaw Companies

Insider Activity

In related news, insider Mark William Henry Wilson sold 24,496 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of C$62.68, for a total value of C$1,535,409.28. Also, insider David Markwell sold 56,240 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of C$62.07, for a total value of C$3,490,816.80. Over the last ninety days, insiders have sold 324,121 shares of company stock worth $20,118,530. Corporate insiders own 53.77% of the company’s stock.

Loblaw Companies Stock Performance

Loblaw Companies stock opened at C$68.67 on Tuesday. The company has a 50 day moving average price of C$63.11 and a 200-day moving average price of C$63.21. The company has a debt-to-equity ratio of 151.15, a quick ratio of 0.68 and a current ratio of 1.06. Loblaw Companies has a fifty-two week low of C$54.44 and a fifty-two week high of C$71.06. The company has a market capitalization of C$79.36 billion, a PE ratio of 29.10, a P/E/G ratio of 3.23 and a beta of 0.02.

Loblaw Companies (TSE:L – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.66 earnings per share (EPS) for the quarter. Loblaw Companies had a return on equity of 25.25% and a net margin of 4.32%. The firm had revenue of C$15.05 billion during the quarter. As a group, equities analysts forecast that Loblaw Companies will post 9.12 earnings per share for the current year.

Loblaw Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were paid a dividend of $0.1552 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.9%. Loblaw Companies’s dividend payout ratio (DPR) is currently 24.51%.

Loblaw Companies Company Profile

(Get Free Report)

Loblaw is Canada’s food and pharmacy leader, and the nation’s largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,800 corporate franchised and Associate-owned locations, Loblaw, its franchisees and Associate-owners employ more than 220,000 full- and part-time employees, making it one of Canada’s largest private sector employers. Loblaw’s purpose – Live Life Well® – puts first the needs and well-being of Canadians who make one billion transactions annually in the company’s stores.

Further Reading

Analyst Recommendations for Loblaw Companies (TSE:L)

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