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In the latest session, Lazard Inc. (NYSE: LAZ) closed at $39.89 down -0.05% from its previous closing price of $39.91. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 1.25 million shares were traded. LAZ stock price reached its highest trading level at $40.135 during the session, while it also had its lowest trading level at $39.2.
Ratios:
For a deeper understanding of Lazard Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.94. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 03 ’24 when JACOBS KENNETH M sold 6,762 shares for $40.00 per share. The transaction valued at 270,480 led to the insider holds 1,982,829 shares of the business.
JACOBS KENNETH M sold 4,149 shares of LAZ for $165,960 on Jun 03 ’24. The Executive Chairman now owns 485,567 shares after completing the transaction at $40.00 per share. On May 31 ’24, another insider, JACOBS KENNETH M, who serves as the Executive Chairman of the company, sold 154,131 shares for $40.21 each. As a result, the insider received 6,197,944 and left with 1,989,591 shares of the company.
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 3600064512 and an Enterprise Value of 5420877312. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 9.19. Its current Enterprise Value per Revenue stands at 1.977.
Stock Price History:
The Beta on a monthly basis for LAZ is 1.39, which has changed by 0.14593506 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. 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 2.33%, while the 200-Day Moving Average is calculated to be 11.01%.
Shares Statistics:
For the past three months, LAZ has traded an average of 870.63K shares per day and 1332420 over the past ten days. A total of 87.43M shares are outstanding, with a floating share count of 82.55M. Insiders hold about 5.57% of the company’s shares, while institutions hold 78.20% stake in the company. Shares short for LAZ as of 1718323200 were 3028499 with a Short Ratio of 3.48, compared to 1715731200 on 2505245. Therefore, it implies a Short% of Shares Outstanding of 3028499 and a Short% of Float of 3.4799999999999995.
Dividends & Splits
According to the company, the forward annual dividend rate for LAZ is 2.00, from 2.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.050112754The stock’s 5-year Average Dividend Yield is 5.32.
