Oppenheimer Assigned a Buy Rating to Leucadia National Corp.By Austin Angelo
Oppenheimer analyst Chris Kotowski assigned a Buy rating to Leucadia National Corp. (NYSE: LUK) yesterday and set a price target of $28. The company’s shares closed yesterday at $21.33, close to its 52-week high of $21.44.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 6.3% and a 65.7% success rate. Kotowski covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, Discover Financial Services, and Solar Senior Capital Ltd.
Leucadia National Corp. has an analyst consensus of Moderate Buy, with a price target consensus of $28.
Based on Leucadia National Corp.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.09 billion and quarterly net profit of $153 million. In comparison, last year the company earned revenue of $2.55 billion and had a GAAP net loss of $173 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.
Leucadia National Corp. is a diversified holding company. It engages in investment banking and capital markets; beef processing; manufacturing; oil and gas exploration; and production and asset management. The company was founded in 1968 and is headquartered in New York, NY.