The stock of Lazard Inc. (LAZ) has gone down by -3.84% for the week, with a 0.29% rise in the past month and a 22.33% rise in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are 2.67% for LAZ. The simple moving average for the last 20 days is -1.13% for LAZ’s stock, with a simple moving average of 17.32% for the last 200 days.
Is It Worth Investing in Lazard Inc. (NYSE: LAZ) Right Now?
Lazard Inc. (NYSE: LAZ) has a price-to-earnings ratio of 31.09x that is above its average ratio. Additionally, the 36-month beta value for LAZ is 1.38. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LAZ is 84.48M and currently, short sellers hold a 4.02% ratio of that float. The average trading volume of LAZ on October 04, 2024 was 785.72K shares.
LAZ) stock’s latest price update
Lazard Inc. (NYSE: LAZ)’s stock price has gone decline by -0.53 in comparison to its previous close of 48.64, however, the company has experienced a -3.84% decrease in its stock price over the last five trading days. youtube.com reported 2024-10-02 that Peter Orszag, Lazard CEO and former OMB Director under President Obama, joins ‘Squawk Box’ to discuss the state of the economy, impact of the port strike and the Middle East conflict, the Fed’s inflation fight, state of dealmaking, what he’s learned in his first year as Lazard CEO, and more.
Analysts’ Opinion of LAZ
Many brokerage firms have already submitted their reports for LAZ stocks, with Wells Fargo repeating the rating for LAZ by listing it as a “Equal Weight.” The predicted price for LAZ in the upcoming period, according to Wells Fargo is $51 based on the research report published on September 12, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see LAZ reach a price target of $51. The rating they have provided for LAZ stocks is “Outperform” according to the report published on January 29th, 2024.
Wolfe Research gave a rating of “Outperform” to LAZ, setting the target price at $42 in the report published on January 03rd of the current year.
LAZ Trading at 1.12% 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 -5.99% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares surge +0.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.71% upper at present.
During the last 5 trading sessions, LAZ fell by -3.84%, which changed the moving average for the period of 200-days by +38.55% in comparison to the 20-day moving average, which settled at $48.94. In addition, Lazard Inc. saw 39.02% 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 87,770 shares at the price of $48.08 back on Sep 03 ’24. After this action, JACOBS KENNETH M now owns 1,553,225 shares of Lazard Inc., valued at $4,219,784 using the latest closing price.
JACOBS KENNETH M, the Executive Chairman of Lazard Inc., sale 71,731 shares at $48.08 during a trade that took place back on Sep 03 ’24, which means that JACOBS KENNETH M is holding 204,279 shares at $3,449,111 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 2.04. The receivables turnover for the company is 3.95for trailing twelve months and the total asset turnover is 0.63.
Conclusion
In conclusion, Lazard Inc. (LAZ) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
