Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Lazard Inc. (NYSE: LAZ) was $38.89 for the day, down -1.04% from the previous closing price of $39.30. In other words, the price has decreased by -$1.04 from its previous closing price. On the day, 1.44 million shares were traded. LAZ stock price reached its highest trading level at $40.45 during the session, while it also had its lowest trading level at $37.4.
Ratios:
Our analysis of LAZ’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.93. In the meantime, Its Debt-to-Equity ratio is 5.90 whereas as Long-Term Debt/Eq ratio is at 5.90.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3435834368 and an Enterprise Value of 5151896064. 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 8.02. Its current Enterprise Value per Revenue stands at 2.044.
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 -0.74%, while the 200-Day Moving Average is calculated to be 12.17%.
Shares Statistics:
LAZ traded an average of 1.13M shares per day over the past three months and 930570 shares per day over the past ten days. 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 66.70% stake in the company. Shares short for LAZ as of 1713139200 were 1859423 with a Short Ratio of 1.64, compared to 1710460800 on 2935406. Therefore, it implies a Short% of Shares Outstanding of 1859423 and a Short% of Float of 2.21.
Dividends & Splits
With its trailing 12-month dividend rate of 2.0, LAZ has a forward annual dividend rate of 2.00. Against a Trailing Annual Dividend Yield of 0.050890587The stock’s 5-year Average Dividend Yield is 5.32.
