Leucadia National (LUK) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Leucadia National (NYSE: LUK) in the last few weeks:

  • 2/7/2018 – Leucadia National was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Leucadia’s performance in the debt capital market has improved with solid contribution from equity capital markets, advisory activities and a favorable sales and trading environment. With significant margin contribution from National Beef and other businesses, Leucadia remains well positioned to grow. The company’s businesses have separate revenue streams that move according to their own cycle and mitigate operating risks. A pro-growth business environment with a lower corporate tax structure should bode well for the economy and financial markets in general and Jefferies in particular. In addition, Trump’s plan to spend $1 trillion in infrastructure projects over a period of 10 years and regulatory rollbacks augur well. The company outperformed the industry in the last three months. However, high network maintenance costs to prevent any intrusion and data theft of confidential client information strain margins for the company.”
  • 2/6/2018 – Leucadia National was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Leucadia’s performance in the debt capital market has improved with solid contribution from equity capital markets, advisory activities and a favorable sales and trading environment. With significant margin contribution from National Beef and other businesses, Leucadia remains well positioned to grow. The company’s businesses have separate revenue streams that move according to their own cycle and mitigate operating risks. The company outperformed the industry in the last three months. However, Leucadia has significant exposure to the European market which may cause uncertainty for the company results particularly after the Brexit referendum. The company has to judiciously utilize its resources and earmark funds to a particular business, which make it susceptible to high operating risks. High network maintenance costs to prevent any intrusion and data theft of confidential client information also strain margins.”
  • 2/1/2018 – Leucadia National was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “Leucadia’s performance in the debt capital market has improved with solid contribution from equity capital markets, advisory activities and a favorable sales and trading environment. With significant margin contribution from National Beef and other businesses, Leucadia remains well positioned to grow. The company’s businesses have separate revenue streams that move according to their own cycle and mitigate operating risks. A pro-growth business environment with a lower corporate tax structure should bode well for the economy and financial markets in general and Jefferies in particular. In addition, Trump’s plan to spend $1 trillion in infrastructure projects over a period of 10 years and regulatory rollbacks augur well. The company outperformed the industry in the last three months. However, high network maintenance costs to prevent any intrusion and data theft of confidential client information strain margins for the company.”
  • 1/31/2018 – Leucadia National was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Leucadia’s performance in the debt capital market has improved with solid contribution from equity capital markets, advisory activities and a favorable sales and trading environment. With significant margin contribution from National Beef and other businesses, Leucadia remains well positioned to grow. The company’s businesses have separate revenue streams that move according to their own cycle and mitigate operating risks. The company outperformed the industry in the last three months. However, Leucadia has significant exposure to the European market which may cause uncertainty for the company results particularly after the Brexit referendum. The company has to judiciously utilize its resources and earmark funds to a particular business, which make it susceptible to high operating risks. High network maintenance costs to prevent any intrusion and data theft of confidential client information also strain margins.”

Leucadia National Corp. (NYSE LUK) traded up $0.60 during trading hours on Monday, reaching $24.85. 867,325 shares of the company traded hands, compared to its average volume of 1,611,924. 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 Corp. has a twelve month low of $22.23 and a twelve month high of $28.30. The firm has a market cap of $8,639.62, a P/E ratio of 16.03, a PEG ratio of 0.83 and a beta of 1.24.

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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