Zacks: Leucadia National Corp. (LUK) Given $34.00 Average Target Price by Analysts

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

Analysts have set a 12-month consensus price objective of $34.00 for the company and are expecting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also given Leucadia National an industry rank of 91 out of 265 based on the ratings given to its competitors.

LUK has been the subject of a number of analyst reports. TheStreet raised shares of Leucadia National from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Leucadia National from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st.

Leucadia National (NYSE LUK) traded up $0.75 during trading hours on Monday, hitting $25.00. 1,374,892 shares of the stock were exchanged, compared to its average volume of 1,646,755. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $8,639.62, a price-to-earnings ratio of 16.14, a PEG ratio of 0.83 and a beta of 1.24. Leucadia National has a twelve month low of $22.23 and a twelve month high of $28.30.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LUK. American Century Companies Inc. grew its stake in Leucadia National by 50.9% during the third quarter. American Century Companies Inc. now owns 2,531,865 shares of the conglomerate’s stock worth $63,930,000 after buying an additional 854,352 shares during the period. First Trust Advisors LP boosted its stake in shares of Leucadia National by 1,142.7% in the third quarter. First Trust Advisors LP now owns 911,133 shares of the conglomerate’s stock valued at $23,006,000 after purchasing an additional 837,812 shares during the period. PGGM Investments purchased a new position in shares of Leucadia National in the third quarter valued at $19,996,000. Bank of Montreal Can boosted its stake in shares of Leucadia National by 80.2% in the fourth quarter. Bank of Montreal Can now owns 975,847 shares of the conglomerate’s stock valued at $25,849,000 after purchasing an additional 434,426 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Leucadia National by 1.9% in the fourth quarter. BlackRock Inc. now owns 21,188,997 shares of the conglomerate’s stock valued at $561,297,000 after purchasing an additional 392,250 shares during the period. Institutional investors own 74.36% of the company’s stock.

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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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