A share price of Lazard Inc. [LAZ] is currently trading at $48.48, up 11.94%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LAZ shares have gain 7.71% over the last week, with a monthly amount glided 33.22%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wolfe Research upgraded its rating to Outperform on January 03, 2024, and kept the price target unchanged to $42. On September 19, 2023, downgrade downgraded it’s rating to Sell and revised its price target to $32 on the stock. Keefe Bruyette upgraded its rating to a Mkt Perform and increased its price target to $36 on July 13, 2023. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $43 on July 12, 2023. Wolfe Research upgraded its rating to Peer Perform for this stock on July 03, 2023. In a note dated April 12, 2023, Morgan Stanley upgraded an Equal-Weight rating on this stock and boosted its target price from $29 to $36.
Lazard Inc. experienced fluctuations in its stock price throughout the past year between $25.82 and $46.41. Currently, Wall Street analysts expect the stock to reach $54 within the next 12 months. Lazard Inc. [NYSE: LAZ] shares were valued at $48.48 at the most recent close of the market. An investor can expect a potential return of 11.39% based on the average LAZ price forecast.
Analyzing the LAZ fundamentals
Trailing Twelve Months sales for Lazard Inc. [NYSE:LAZ] were 2.78B which represents 44.96% growth. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.05 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.71.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.61 points at the first support level, and at 42.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.99, and for the 2nd resistance point, it is at 51.51.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 11.17.
Transactions by insiders
Recent insider trading involved JACOBS KENNETH M, Executive Chairman, that happened on Jul 16 ’24 when 0.21 million shares were sold. Executive Chairman, JACOBS KENNETH M completed a deal on Jul 16 ’24 to sell 0.13 million shares. Meanwhile, Executive Chairman JACOBS KENNETH M sold 46107.0 shares on Jul 09 ’24.
