At the time of writing, Lazard Inc. [LAZ] stock is trading at $49.71, up 1.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LAZ shares have gain 6.74% over the last week, with a monthly amount glided 3.58%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lazard Inc. [NYSE: LAZ] stock has seen the most recent analyst activity on September 12, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $51. On January 03, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $42 on the stock. Goldman downgraded its rating to a Sell and decreased its price target to $32 on September 19, 2023. Keefe Bruyette upgraded its rating to a Mkt Perform and raised its price target to $36 on July 13, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on July 12, 2023, and upped its price target to $43. In a note dated July 03, 2023, Wolfe Research upgraded an Peer Perform rating on this stock.
For the past year, the stock price of Lazard Inc. fluctuated between $25.82 and $50.26. Currently, Wall Street analysts expect the stock to reach $53.25 within the next 12 months. Lazard Inc. [NYSE: LAZ] shares were valued at $49.71 at the most recent close of the market. An investor can expect a potential return of 7.12% based on the average LAZ price forecast.
Analyzing the LAZ fundamentals
According to Lazard Inc. [NYSE:LAZ], the company’s sales were 2.85B for trailing twelve months, which represents an 10.19% jump. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.38 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.04.
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 49.24 points at the first support level, and at 48.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.04, and for the 2nd resistance point, it is at 50.38.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.53, the price to book ratio is 9.77 and price to earnings (TTM) ratio is 31.94.
Transactions by insiders
Recent insider trading involved JACOBS KENNETH M, Executive Chairman, that happened on Sep 03 ’24 when 87770.0 shares were sold. Executive Chairman, JACOBS KENNETH M completed a deal on Sep 03 ’24 to sell 71731.0 shares. Meanwhile, Executive Chairman JACOBS KENNETH M sold 29503.0 shares on Sep 04 ’24.
