Leucadia National Corp. (LUK) Given $24.00 Consensus Target Price by Brokerages
Leucadia National Corp. (NYSE:LUK) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price target of $24.00 for the company and are expecting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also given Leucadia National Corp. an industry rank of 191 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Leucadia National Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, October 5th. TheStreet raised Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. boosted their price target on Leucadia National Corp. from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, August 5th.
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Shares of Leucadia National Corp. (NYSE:LUK) traded up 0.26% during midday trading on Wednesday, reaching $19.32. The company had a trading volume of 787,453 shares. The company’s 50 day moving average price is $19.02 and its 200 day moving average price is $17.81. The stock’s market capitalization is $6.96 billion. Leucadia National Corp. has a 52-week low of $14.27 and a 52-week high of $20.54.
Leucadia National Corp. (NYSE:LUK) last posted its earnings results on Wednesday, August 3rd. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.10. Leucadia National Corp. had a negative return on equity of 2.61% and a negative net margin of 2.95%. Equities research analysts expect that Leucadia National Corp. will post $0.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were paid a $0.0625 dividend. The ex-dividend date was Thursday, September 15th. This represents a $0.25 annualized dividend and a yield of 1.30%. Leucadia National Corp.’s payout ratio is currently -32.47%.
In related news, Chairman Joseph S. Steinberg sold 200,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $19.04, for a total value of $3,808,000.00. Following the completion of the transaction, the chairman now directly owns 1,992,687 shares in the company, valued at $37,940,760.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Scopia Capital Management LP acquired a new position in Leucadia National Corp. during the first quarter valued at approximately $106,120,000. Capital Research Global Investors acquired a new position in Leucadia National Corp. during the second quarter valued at approximately $85,749,000. Kovitz Investment Group Partners LLC acquired a new position in Leucadia National Corp. during the first quarter valued at approximately $36,530,000. First Pacific Advisors LLC raised its position in Leucadia National Corp. by 7.7% in the second quarter. First Pacific Advisors LLC now owns 22,520,090 shares of the company’s stock valued at $390,273,000 after buying an additional 1,617,090 shares during the last quarter. Finally, Investec Asset Management LTD raised its position in Leucadia National Corp. by 198.6% in the first quarter. Investec Asset Management LTD now owns 1,991,945 shares of the company’s stock valued at $32,210,000 after buying an additional 1,324,745 shares during the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.
About Leucadia National Corp.
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value creation to maximize shareholder value. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded company providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance).
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