Opinion

Leucadia National Corporation (NYSE:LUK) Earns Average Broker Rating Of Buy

Leucadia National Corporation (NYSE:LUK) stock is presently standing at about $26.93 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 1 analysts covering the company is $31.00, which suggests the stock could still rise over 13 percent. The highest analyst price target is $31.00, which implies a rally of 85 percent. And a quick view of analyst notes show that 0 are rating the stock a buy while 1 rate LUK a strong buy. There are 0 equity research firms advocating a Hold and 0 consider it Sell.

Leucadia National Corporation (NYSE:LUK) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Chairman of the Board STEINBERG JOSEPH S sold 200,000 company shares for 4974000, in a transaction on 2017-02-15. Following the transaction, the Chairman of the Board is left with a stake of 21,470,733 shares, currently valued at $578206840. Meanwhile, Chairman of the Board STEINBERG JOSEPH S sold 200,000 shares worth $3808000, through a transaction dated 2016-09-21. Following the completion of the transaction, the insider is left with a stake of 21,770,733 shares, amounting $586285839.69. LUK Chairman of the Board STEINBERG JOSEPH S also sold 200,000 shares, at a stock price of $19.04. This transaction occurred on 2016-09-21 totals $3808000. After this transaction, the insider’s stake stands at 21,770,733 shares, with a market value of $586285840.

Executives hold 12.09 percent of the stock. Mr. Ian M. Cumming is one of the biggest insider owners in Leucadia National Corporation (NYSE:LUK), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 18,726,054 shares which have current market value of around $504292634.22.Richard B. Handler is another major inside shareholder in the company. The insider owns 13,778,524 shares as of 3.83%, currently worth $371055651.32. Brian P. Friedman is ranked as third insider holder of the stock. This insider holds 7,398,943 shares with a market value around $199253534.99 as of recent close.

Leucadia National Corporation (NYSE:LUK) Earnings Outlook

In Leucadia National Corporation (NYSE:LUK)’s latest quarter, EPS moved to $0.37 from $0.41 in preceding quarter and revenues reached at $2,745.78M compared to $2,676.38M. Analysts had expected Leucadia National Corporation (NYSE:LUK) to post net income of about $0.23 per share on $2,586.60M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.58 to $0.58. That is compared with the $-0.60 in EPS it reported during the same period a year ago.

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