The stock of Lazard Inc. (LAZ) has gone up by 3.27% for the week, with a 2.23% rise in the past month and a 21.98% rise in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are 3.46% for LAZ. The simple moving average for the past 20 days is 6.77% for LAZ’s stock, with a 28.77% simple moving average for the past 200 days.
Is It Worth Investing in Lazard Inc. (NYSE: LAZ) Right Now?
Lazard Inc. (NYSE: LAZ) has a price-to-earnings ratio that is above its average at 31.84x. The stock has a 36-month beta value of 1.38. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for LAZ is 84.11M, and at present, short sellers hold a 3.79% of that float. On August 23, 2024, the average trading volume of LAZ was 985.59K shares.
LAZ) stock’s latest price update
Lazard Inc. (NYSE: LAZ) has experienced a rise in its stock price by 2.37 compared to its previous closing price of 48.41. However, the company has seen a gain of 3.27% in its stock price over the last five trading days. zacks.com reported 2024-08-13 that Lazard’s (LAZ) AUM balance in July 2024 improves marginally on the back of the market and foreign exchange appreciation, partially offset by net outflows.
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 16.03% 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 -0.44% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares surge +2.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.08% upper at present.
During the last 5 trading sessions, LAZ rose by +3.73%, which changed the moving average for the period of 200-days by +75.84% in comparison to the 20-day moving average, which settled at $46.49. In addition, Lazard Inc. saw 42.41% 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 JACOBS KENNETH M, who sale 207,000 shares at the price of $45.23 back on Jul 16 ’24. After this action, JACOBS KENNETH M now owns 1,729,722 shares of Lazard Inc., valued at $9,361,989 using the latest closing price.
JACOBS KENNETH M, the Executive Chairman of Lazard Inc., sale 127,000 shares at $45.23 during a trade that took place back on Jul 16 ’24, which means that JACOBS KENNETH M is holding 330,279 shares at $5,743,829 based on the most recent closing price.
Stock Fundamentals for LAZ
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.84 for the gross margin
The net margin for Lazard Inc. stands at 0.05. The total capital return value is set at 0.06. Equity return is now at value 37.05, with 3.32 for asset returns.
Based on Lazard Inc. (LAZ), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 4.04. The interest coverage ratio of the stock is 3.02.
Currently, EBITDA for the company is -57.89 million with net debt to EBITDA at 5.37. When we switch over and look at the enterprise to sales, we see a ratio of 2.1. The receivables turnover for the company is 3.95for trailing twelve months and the total asset turnover is 0.63.
Conclusion
To sum up, Lazard Inc. (LAZ) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
