Company’s 36-month beta value is 1.41.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for LAZ is 80.61M, and currently, short sellers hold a 2.31% ratio of that floaft. The average trading volume of LAZ on May 10, 2024 was 1.03M shares.
LAZ) stock’s latest price update
The stock of Lazard Inc. (NYSE: LAZ) has decreased by -0.08 when compared to last closing price of 38.98.Despite this, the company has seen a loss of -0.81% in its stock price over the last five trading days. Reuters reported 2024-05-09 that Investment bank Lazard Ltd has appointed veteran healthcare dealmaker Michele Colocci as vice chairman and managing director, aiming to boost the growth of its healthcare advisory, according to a company announcement.
LAZ’s Market Performance
Lazard Inc. (LAZ) has seen a -0.81% fall in stock performance for the week, with a -2.31% decline in the past month and a -0.26% plunge in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 3.08% for LAZ. The simple moving average for the past 20 days is 0.74% for LAZ’s stock, with a 11.69% simple moving average for the past 200 days.
Analysts’ Opinion of LAZ
Many brokerage firms have already submitted their reports for LAZ stocks, with Keefe Bruyette repeating the rating for LAZ by listing it as a “Outperform.” The predicted price for LAZ in the upcoming period, according to Keefe Bruyette is $51 based on the research report published on January 29, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see LAZ reach a price target of $42. The rating they have provided for LAZ stocks is “Outperform” according to the report published on January 03rd, 2024.
Goldman gave a rating of “Sell” to LAZ, setting the target price at $32 in the report published on September 19th of the previous year.
LAZ Trading at -1.09% from the 50-Day Moving Average
After a stumble in the market that brought LAZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.79% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -1.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.15% upper at present.
During the last 5 trading sessions, LAZ fell by -0.81%, which changed the moving average for the period of 200-days by +6.98% in comparison to the 20-day moving average, which settled at $38.63. In addition, Lazard Inc. saw 11.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LAZ starting from Russo Evan L, who sale 75,000 shares at the price of $39.35 back on Mar 13 ’24. After this action, Russo Evan L now owns 227,448 shares of Lazard Inc., valued at $2,951,250 using the latest closing price.
Gathy Michael, the Chief Accounting Officer of Lazard Inc., sale 385 shares at $37.22 during a trade that took place back on Feb 14 ’24, which means that Gathy Michael is holding 0 shares at $14,330 based on the most recent closing price.
Stock Fundamentals for LAZ
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.64 for the gross margin
The net margin for Lazard Inc. stands at -0.01. The total capital return value is set at 0.01. Equity return is now at value -5.25, with -0.48 for asset returns.
Based on Lazard Inc. (LAZ), the company’s capital structure generated 0.83 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 4.71. The interest coverage ratio of the stock is 0.66.
Currently, EBITDA for the company is -57.89 million with net debt to EBITDA at 18.73. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 3.75for trailing twelve months and the total asset turnover is 0.61.
Conclusion
In a nutshell, Lazard Inc. (LAZ) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
