Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $38.98 in the prior trading day, Lazard Inc. (NYSE: LAZ) closed at $38.95, down -0.08%. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 0.83 million shares were traded. LAZ stock price reached its highest trading level at $39.55 during the session, while it also had its lowest trading level at $38.78.
Ratios:
Our goal is to gain a better understanding of LAZ by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.59. In the meantime, Its Debt-to-Equity ratio is 5.90 whereas as Long-Term Debt/Eq ratio is at 5.49.
On January 03, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $42.
Goldman Downgraded its Neutral to Sell on September 19, 2023, whereas the target price for the stock was revised from $37 to $32.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 13 ’24 when Russo Evan L sold 75,000 shares for $39.35 per share. The transaction valued at 2,951,250 led to the insider holds 227,448 shares of the business.
Gathy Michael sold 385 shares of LAZ for $14,330 on Feb 14 ’24. The Chief Accounting Officer now owns 0 shares after completing the transaction at $37.22 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LAZ now has a Market Capitalization of 3516172288 and an Enterprise Value of 5336084992. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 8.98. Its current Enterprise Value per Revenue stands at 1.946.
Stock Price History:
Over the past 52 weeks, LAZ has reached a high of $42.24, while it has fallen to a 52-week low of $25.82. The 50-Day Moving Average of the stock is -1.09%, while the 200-Day Moving Average is calculated to be 11.69%.
Shares Statistics:
The stock has traded on average 1.03M shares per day over the past 3-months and 686990 shares per day over the last 10 days, according to various share statistics. A total of 87.43M shares are outstanding, with a floating share count of 80.61M. Insiders hold about 7.78% of the company’s shares, while institutions hold 69.63% stake in the company. Shares short for LAZ as of 1713139200 were 1859423 with a Short Ratio of 1.80, compared to 1710460800 on 2935406. Therefore, it implies a Short% of Shares Outstanding of 1859423 and a Short% of Float of 2.1300000999999997.
Dividends & Splits
In the trailing 12 months, LAZ’s forward annual dividend rate was 2.0, compared to 2.00 this year. Against a Trailing Annual Dividend Yield of 0.051308364The stock’s 5-year Average Dividend Yield is 5.33.
