Zacks: Analysts Set $34.00 Price Target for Leucadia National Corp. (LUK)

Shares of Leucadia National Corp. (NYSE:LUK) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus target price of $34.00 for the company and are predicting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given Leucadia National an industry rank of 105 out of 265 based on the ratings given to its competitors.

A number of research firms recently issued reports on LUK. Zacks Investment Research raised Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday. TheStreet raised Leucadia National from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd.

Hedge funds have recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of Leucadia National in the fourth quarter worth about $127,000. NEXT Financial Group Inc acquired a new stake in shares of Leucadia National in the third quarter worth about $134,000. Arthur M. Cohen & Associates LLC acquired a new stake in shares of Leucadia National in the fourth quarter worth about $202,000. Savant Capital LLC acquired a new stake in shares of Leucadia National in the fourth quarter worth about $204,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Leucadia National in the fourth quarter worth about $220,000. Institutional investors and hedge funds own 74.78% of the company’s stock.

Shares of Leucadia National (NYSE:LUK) traded down $0.44 on Thursday, hitting $24.57. The stock had a trading volume of 315,789 shares, compared to its average volume of 1,566,247. The firm has a market cap of $8,810.63, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.24. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.02. Leucadia National has a one year low of $22.23 and a one year high of $28.30.

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Leucadia National Company Profile

Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.

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