TSE:L

Loblaw Companies - L Stock Forecast, Price & News

C$116.29

+1.09 (+0.95%)

(As of 03/24/2023 08:52 PM ET)

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Today's Range: C$115.48
▼
C$116.85
50-Day Range: C$114.14
▼
C$120.99
52-Week Range: C$105.57
▼
C$126.29

Volume: 317,684 shs
Average Volume: 468,872 shs
Market Capitalization: C$37.54 billion

P/E Ratio: 20.22
Dividend Yield: 1.39%
Price Target: C$138.94

Loblaw Companies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 19.5% Upside
C$138.94 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.86
Based on 4 Articles This Week
Insider Trading: Selling Shares
C$2 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

2.4

Analyst's Opinion

Consensus Rating
Loblaw Companies has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$138.94, Loblaw Companies has a forecasted upside of 19.5% from its current price of C$116.29.
Amount of Analyst Coverage
Loblaw Companies has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for L.

1.7

Dividend Strength

Dividend Yield
Loblaw Companies pays a meaningful dividend of 1.39%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Loblaw Companies does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Loblaw Companies is 28.17%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for L.

1.7

News and Social Media Coverage

News Sentiment
Loblaw Companies has a news sentiment score of -0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Loblaw Companies this week, compared to 2 articles on an average week.
Search Interest
68 people have searched for L on MarketBeat in the last 30 days. This is an increase of 3% compared to the previous 30 days.
MarketBeat Follows
5 people have added Loblaw Companies to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Loblaw Companies insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$1,997,175.00 in company stock.
Percentage Held by Insiders
54.58% of the stock of Loblaw Companies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 20.47% of the stock of Loblaw Companies is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Loblaw Companies is 20.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of Loblaw Companies is 20.22, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 266.55.
Price to Earnings Growth Ratio
Loblaw Companies has a PEG Ratio of 10.36. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Loblaw Companies has a P/B Ratio of 3.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Loblaw Companies (TSE:L) Stock

Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores. This segment also includes in-store pharmacies, other health and beauty product stores, apparel stores, and other general merchandise stores. The Financial Services segment provides credit card and banking services, the PC Optimum program, insurance brokerage services, and telecommunication services. It also offers PC Health app, a health and wellness app that provides Canadians with access to healthcare resources and support. Loblaw Companies Limited provides its products and services under various brands. The company was founded in 1919 and is headquartered in Brampton, Canada. Loblaw Companies Limited operates as a subsidiary of George Weston Limited.

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L Stock News Headlines

March 24, 2023 | americanbankingnews.com

Loblaw Companies Limited (TSE:L) Director Sells C$1,405,449.80 in Stock

March 22, 2023 | americanbankingnews.com

Loblaw Companies Limited (TSE:L) Director Richard Dufresne Sells 5,000 Shares

March 27, 2023 | Oxford Club (Ad)

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March 17, 2023 | benzinga.com

Reed's Announces New Distribution Partnership with Loblaws Supermarkets

March 10, 2023 | msn.com

Loblaw CEO Says A Customer Confronted Him About Grocery Prices But Twitter Is Calling BS

February 27, 2023 | ca.finance.yahoo.com

Better Buy: Loblaw Stock or Metro?

February 25, 2023 | msn.com

'Canadians are idiots and I’m right to exploit them': Inside the thoughts of Loblaws

February 23, 2023 | msn.com

Loblaw earns $529M in Q4 profits as Canadians struggle with rising food prices

March 27, 2023 | Behind the Markets (Ad)

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February 23, 2023 | ca.finance.yahoo.com

Loblaw Companies reports $529M Q4 profit, revenue up nearly 10 per cent

February 23, 2023 | msn.com

Loblaw Companies Non-GAAP EPS of C$1.76, revenue of C$14B

February 23, 2023 | finance.yahoo.com

Loblaw Reports 2022 Fourth Quarter Results and Fiscal Year Ended December 31, 2022 Results

February 17, 2023 | baystreet.ca

Grocery Store CEOs To Testify In Ottawa About Food Inflation

February 15, 2023 | markets.businessinsider.com

Analysts Offer Insights on Services Companies: CAE (CAE), Marriott International (MAR) and Restaurant Brands International (QSR)

February 15, 2023 | finance.yahoo.com

Loblaw Encourages Customers to Bring Their Own Bags in British Columbia

January 30, 2023 | tmcnet.com

Shoppers Drug Mart to Transition from Single-Use Plastic Shopping Bags Starting January 31

January 23, 2023 | theglobeandmail.com

Gordon Pape: Seeking some portfolio stability? These stocks have proven to be inflation-beaters

January 13, 2023 | theglobeandmail.com

Grocery prices are skyrocketing because we ignored their long takeoff

January 12, 2023 | ca.finance.yahoo.com

Stocks in play: Loblaw Companies.

January 12, 2023 | finance.yahoo.com

Joe Fresh and Sasha Exeter Evolve their Partnership with a Studio-Inspired Collection

January 7, 2023 | nytimes.com

High Food Prices Rile Up Canadians

January 4, 2023 | baystreet.ca

Stocks Keep Early Streak Alive

January 3, 2023 | finance.yahoo.com

Shoppers Drug Mart Applauds Expanded Scope of Practice for Ontario Pharmacists

December 31, 2022 | reuters.com

Loblaw Companies Ltd

December 28, 2022 | ca.finance.yahoo.com

Loblaw Stock – Can it Keep Outperforming in 2023?

December 9, 2022 | baystreet.ca

Cipher, Loblaw at 52-Week Highs

December 8, 2022 | finance.yahoo.com

Loblaw to open four new Pharmacist-Led Health Clinics in Alberta

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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L Company Calendar

Last Earnings: 7/26/2017
Ex-Dividend for 12/30 Dividend: 12/14/2022
Dividend Payable: 12/30/2022
Ex-Dividend for 4/1 Dividend: 3/14/2023
Today: 3/26/2023
Dividend Payable: 4/01/2023
Next Earnings (Estimated): 5/03/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Grocery Stores
Sub-Industry: N/A
Sector: Business Services
Current Symbol: TSE:L
CUSIP: N/A
CIK: N/A
Web: www.loblaw.ca
Phone: +1-905-4592500
Fax: N/A
Employees: 12,200
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$138.94
High Stock Price Forecast: C$168.00
Low Stock Price Forecast: C$124.00
Forecasted Upside/Downside: +19.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$5.75
Trailing P/E Ratio: 20.22
Forward P/E Ratio: 15.71
P/E Growth: 10.36
Net Income: C$1.91 billion
Net Margins: 3.40%
Pretax Margin: N/A
Return on Equity: 17.19%
Return on Assets: 5.68%

Debt

Debt-to-Equity Ratio: 153.68
Current Ratio: 1.33
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: C$56.50 billion
Price / Sales: 0.66
Cash Flow: C$5.02 per share
Price / Cash Flow: 23.18
Book Value: C$34.31 per share
Price / Book: 3.39

Miscellaneous

Outstanding Shares: 322,840,000
Free Float: N/A
Market Cap: C$37.54 billion
Optionable: Optionable
Beta: 0.06

Key Executives

Mr. Galen G. Weston B.A. (Age 50)
M.B.A, M.B.A., Exec. Chairman, Pres, CEO & Member of Management Board
Comp: $2.93M

Mr. Richard Dufresne
CFO & Member of Management Board

Ms. Jocyanne C. Bourdeau (Age 55)
Pres of Discount Division & Member of Management Board
Comp: $1.92M

Mr. Greg Ramier
Pres of Market Division & Member of Management Board

Mr. Robert Sawyer (Age 69)
COO & Member of Management Board
Comp: $3.72M

Mr. Barry Kieran Columb (Age 58)
Pres of Pres's Choice Financial & Member of Management Board

Mr. Kevin Groh
Sr. VP of Corp. Affairs & Communications and Member of Management Board

Mr. Mark W. H. Wilson (Age 52)
Exec. VP, Chief HR Officer & Member of Management Board

Mr. Ian Freedman
Member of Management Board & Pres of Joe Fresh

Mr. Jeffery Leger
Member of Management Board & Pres of Shoppers Drug Mart

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

L Stock - Frequently Asked Questions

Should I buy or sell Loblaw Companies stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Loblaw Companies in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" L shares.
View L analyst ratings or view top-rated stocks.
What is Loblaw Companies' stock price forecast for 2023?: 5 Wall Street research analysts have issued 1-year price targets for Loblaw Companies' shares. Their L share price forecasts range from C$124.00 to C$168.00. On average, they predict the company's share price to reach C$138.94 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price.
View analysts price targets for L or view top-rated stocks among Wall Street analysts.
How have L shares performed in 2023?: Loblaw Companies' stock was trading at C$119.72 on January 1st, 2023. Since then, L shares have decreased by 2.9% and is now trading at C$116.29.
View the best growth stocks for 2023 here.
When is Loblaw Companies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our L earnings forecast.
How were Loblaw Companies' earnings last quarter?: Loblaw Companies Limited (TSE:L) released its earnings results on Wednesday, July, 26th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. The company earned $11.08 billion during the quarter, compared to analyst estimates of $10.96 billion. Loblaw Companies had a trailing twelve-month return on equity of 17.19% and a net margin of 3.40%.
How often does Loblaw Companies pay dividends? What is the dividend yield for Loblaw Companies?: Loblaw Companies declared a quarterly dividend on Tuesday, March 14th. Stockholders of record on Saturday, April 1st will be given a dividend of 0.405 per share on Saturday, April 1st. This represents a $1.62 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for L.

Is Loblaw Companies a good dividend stock?: Loblaw Companies (TSE:L) pays an annual dividend of C$1.62 per share and currently has a dividend yield of 1.39%. The dividend payout ratio is 28.17%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for L.
What other stocks do shareholders of Loblaw Companies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Loblaw Companies investors own include George Weston (WN), Enbridge (ENB), Toronto-Dominion Bank (TD), Suncor Energy (SU), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), BCE (BCE), Bank of Montreal (BMO), Dollarama (DOL) and Manulife Financial (MFC).
What is Loblaw Companies' stock symbol?: Loblaw Companies trades on the Toronto Stock Exchange (TSX) under the ticker symbol "L."
How do I buy shares of Loblaw Companies?: Shares of L stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is Loblaw Companies' stock price today?: One share of L stock can currently be purchased for approximately C$116.29.
How much money does Loblaw Companies make?: Loblaw Companies (TSE:L) has a market capitalization of C$37.54 billion and generates C$56.50 billion in revenue each year. The company earns C$1.91 billion in net income (profit) each year or C$5.75 on an earnings per share basis.
How many employees does Loblaw Companies have?: The company employs 12,200 workers across the globe.
How can I contact Loblaw Companies?: Loblaw Companies' mailing address is 1 Presidents Choice Cir, BRAMPTON, ON L6Y 5S5, Canada. The official website for the company is www.loblaw.ca. The company can be reached via phone at +1-905-4592500.

This page (TSE:L) was last updated on 3/27/2023 by MarketBeat.com Staff

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Loblaw Companies - L Stock Forecast, Price & News

Loblaw Companies MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Loblaw Companies (TSE:L) Stock

L Stock News Headlines

L Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

L Stock - Frequently Asked Questions

Overall MarketRank^™