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As of close of business last night, Lazard Inc.’s stock clocked out at $43.99, up 0.59% from its previous closing price of $43.73. In other words, the price has increased by $0.59 from its previous closing price. On the day, 1.14 million shares were traded. LAZ stock price reached its highest trading level at $44.55 during the session, while it also had its lowest trading level at $43.38.
Ratios:
To gain a deeper understanding of LAZ’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.48. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 16 ’24 when JACOBS KENNETH M sold 207,000 shares for $45.23 per share. The transaction valued at 9,361,989 led to the insider holds 1,729,722 shares of the business.
JACOBS KENNETH M sold 127,000 shares of LAZ for $5,743,829 on Jul 16 ’24. The Executive Chairman now owns 330,279 shares after completing the transaction at $45.23 per share. On Jul 09 ’24, another insider, JACOBS KENNETH M, who serves as the Executive Chairman of the company, sold 46,107 shares for $40.19 each. As a result, the insider received 1,852,824 and left with 1,936,722 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 3968096000 and an Enterprise Value of 5790715904. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 10.14. Its current Enterprise Value per Revenue stands at 2.112.
Stock Price History:
The Beta on a monthly basis for LAZ is 1.40, which has changed by 0.22194445 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, LAZ has reached a high of $46.41, while it has fallen to a 52-week low of $25.82. The 50-Day Moving Average of the stock is 10.61%, while the 200-Day Moving Average is calculated to be 20.51%.
Shares Statistics:
It appears that LAZ traded 918.25K shares on average per day over the past three months and 1140900 shares per day over the past ten days. A total of 87.43M shares are outstanding, with a floating share count of 82.96M. Insiders hold about 5.10% of the company’s shares, while institutions hold 78.23% stake in the company. Shares short for LAZ as of 1719532800 were 3732831 with a Short Ratio of 4.07, compared to 1717113600 on 3134049. Therefore, it implies a Short% of Shares Outstanding of 3732831 and a Short% of Float of 4.29.
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 0.045735195The stock’s 5-year Average Dividend Yield is 5.32.
