Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $54.66 in the prior trading day, Lazard Inc (NYSE: LAZ) closed at $53.07, down -2.91%. In other words, the price has decreased by -$2.91 from its previous closing price. On the day, 1.16 million shares were traded. LAZ stock price reached its highest trading level at $54.09 during the session, while it also had its lowest trading level at $52.505.
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 4.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.32. In the meantime, Its Debt-to-Equity ratio is 3.80 whereas as Long-Term Debt/Eq ratio is at 3.54.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on December 09, 2024, Downgraded its rating to Equal-Weight and sets its target price to $63 from $60 previously.
On September 12, 2024, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $51.
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 Sep 03 ’24 when JACOBS KENNETH M sold 87,770 shares for $48.08 per share. The transaction valued at 4,219,784 led to the insider holds 1,553,225 shares of the business.
JACOBS KENNETH M sold 71,731 shares of LAZ for $3,449,111 on Sep 03 ’24. The Executive Chairman now owns 204,279 shares after completing the transaction at $48.08 per share. On Sep 04 ’24, another insider, JACOBS KENNETH M, who serves as the Executive Chairman of the company, sold 29,503 shares for $48.29 each. As a result, the insider received 1,424,715 and left with 1,523,722 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 4945078784 and an Enterprise Value of 6440722944. As of this moment, Lazard’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.11, and their Forward P/E ratio for the next fiscal year is 13.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56 while its Price-to-Book (P/B) ratio in mrq is 7.69. Its current Enterprise Value per Revenue stands at 2.113.
Stock Price History:
Over the past 52 weeks, LAZ has reached a high of $61.14, while it has fallen to a 52-week low of $31.77. The 50-Day Moving Average of the stock is -1.61%, while the 200-Day Moving Average is calculated to be 17.52%.
Shares Statistics:
The stock has traded on average 708.03K shares per day over the past 3-months and 638740 shares per day over the last 10 days, according to various share statistics. A total of 90.47M shares are outstanding, with a floating share count of 85.09M. Insiders hold about 2.66% of the company’s shares, while institutions hold 91.50% stake in the company. Shares short for LAZ as of 1732838400 were 3283146 with a Short Ratio of 3.90, compared to 1730332800 on 2596410. Therefore, it implies a Short% of Shares Outstanding of 3283146 and a Short% of Float of 3.7600000000000002.
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 0.036589827The stock’s 5-year Average Dividend Yield is 5.23.
