|Bid||26.00 x 200|
|Ask||27.00 x 700|
|Day's Range||26.52 - 27.00|
|52 Week Range||17.47 - 27.34|
|PE Ratio (TTM)||15.84|
|Dividend & Yield||0.25 (0.95%)|
|1y Target Est||N/A|
Shares of Leucadia National Corp stand to rise about 15 percent as some of the conglomerate's key holdings bounce back, according to a Barron's article published on Sunday. The bump could come as investment bank Jefferies Group LLC, which Leucadia bought in 2012, rebounds from a slump in oil prices and related bonds that hit the firm's commodities and bond units. The bank shed nearly $5 billion in assets from 2015 to 2016 and also hired dozens of senior investment bankers to bolster capabilities in China and other markets.
Five years after Leucadia National announced its merger with investment bank Jefferies Group, the combined company—and its shares—seem poised to prosper. Long a cult stock, known by its fans as a “mini-Berkshire,” Leucadia spent nearly four decades acquiring, turning around, and operating a wide range of properties—everything from wineries to meatpackers to discount-coupon distributors. Then, in 2012, it teamed up with Jefferies CEO Richard Handler for its biggest deal of all—a $4.8 billion takeover that installed Handler as CEO of Leucadia.
Leucadia National is considering strategic options as it continues to shift its focus towards investment banking, though an activist could push it to do a deal.