Stocks for Your Case: Leucadia National Corporation (NYSE:LUK)


Leucadia National Corporation (NYSE:LUK) added 3.23% and closed its last session at $22.02. The stock has the market capitalization of $7.93 Billion with the total outstanding shares of 360.02 Million. Leucadia National Corporation. has Analysts’ Mean Recommendation of 1 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 209.71 for trailing twelve months while its Forward P/E is 16.68.

Leucadia National Corporation (NYSE:LUK) touched its 52-Week High of $22.05 on Nov 30, 2016 while it’s 52-Week Low of $14.27 on Feb 25, 2016. The company currently has Return on Assets of 0.1 percent, Return on Equity of 0.4% and Return on Investment of 1.2 percent. The stock currently showing Weekly Volatility of 1.51%% and Monthly Volatility of 2.07% Percent with Average True Range of 0.4 and Beta of 1.41.

The 1 analysts offering 12-month price forecasts for Leucadia National Corp have a median target of 23.00, with a high estimate of 23.00 and a low estimate of 23.00. The median estimate represents a +4.45% increase from the last price of 22.02.

Press Release:

The Company on 2 November declared its financial results for the three and nine month periods ended September 30, 2016. Income before income taxes and net income attributable to Leucadia National Corporation common shareholders were $249.9 million and $154.4 million, or $0.41 per diluted share, respectively, for the three month period.

Rich Handler, CEO of Leucadia, and Brian Friedman, President of Leucadia, said: “We are pleased with our overall momentum, including better results at Jefferies and a record quarter for National Beef. Jefferies’ net revenues, which were well above the same period last year and consistent with last quarter, reflect the continued development and strengthening of the Jefferies team, as well as solid trading market conditions for much of the quarter. National Beef has performed strongly, as we have returned to a more normal operating environment due to the greater availability of cattle. Our other free-cash generating businesses showed steady performance during the quarter, while we continued to make progress in value creation for the remainder of our portfolio.

“Our third quarter 2016 results were impacted by a $55 million non-cash impairment charge related to decisions at Juneau Energy to curtail development of its southern acreage in the Eagle Ford and its Houston County acreage. We continue to believe in the aggregate upside potential of our investments in Vitesse Energy and Juneau Energy, and are encouraged by recent developments in the oil and gas market.

Company Profile:

LEUCADIA NATL is a diversified financial services holding company principally engaged in personal and commercial lines of property and casualty insurance, life insurance, banking and lending and manufacturing. The Company concentrates on return on investment and cash flow to build long-term shareholder value, rather than emphasizing volume or market share. Additionally, the Company continuously evaluates the retention and disposition of its existing operations and investigates possible acquisitions of new businesses in order to maximize shareholder value.