Goldman Sachs Sticks to Their Buy Rating for LandBridge Company LLC Class A (LB)
In a report released yesterday, John Mackay from Goldman Sachs maintained a Buy rating on LandBridge Company LLC Class A, with a price target of $69.00. The company’s shares closed yesterday at $65.47.
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Mackay covers the Energy sector, focusing on stocks such as Williams Co, LandBridge Company LLC Class A, and Energy Transfer. According to TipRanks, Mackay has an average return of 21.9% and a 66.41% success rate on recommended stocks.
LandBridge Company LLC Class A has an analyst consensus of Moderate Buy, with a price target consensus of $69.00, which is a 5.39% upside from current levels. In a report released today, TipRanks – OpenAI also upgraded the stock to a Buy with a $74.00 price target.
Based on LandBridge Company LLC Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $50.83 million and a net profit of $8.11 million. In comparison, last year the company earned a revenue of $28.49 million and had a net profit of $2.66 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LB in relation to earlier this year. Last month, Harrison Fenner Bolling, the EVP, GC of LB bought 850.00 shares for a total of $39,814.00.
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