While Lazard Inc. has overperformed by 2.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LAZ rose by 17.94%, with highs and lows ranging from $42.15 to $25.82, whereas the simple moving average jumped by 20.90% in the last 200 days.
On January 29, 2024, Keefe Bruyette started tracking Lazard Inc. (NYSE: LAZ) recommending Outperform. A report published by Wolfe Research on January 03, 2024, Upgraded its rating to ‘Outperform’ for LAZ. Goldman also Downgraded LAZ shares as ‘Sell’, setting a target price of $32 on the company’s shares in a report dated September 19, 2023. Keefe Bruyette July 13, 2023d the rating to Mkt Perform on July 13, 2023, and set its price target from $31 to $36. Morgan Stanley July 12, 2023d its ‘Equal-Weight’ rating to ‘Overweight’ for LAZ, as published in its report on July 12, 2023. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of Lazard Inc. (LAZ)
LAZ currently pays a dividend of $2.00 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 15.78%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Lazard Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -16.31% is sufficient for you to turn a profit off your investment.
An average volume of 1.26M can be a very valuable indicator of volatility for LAZ stock. On a monthly basis, the volatility of the stock is set at 3.28%, whereas on a weekly basis, it is put at 3.90%, with a gain of 5.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $48.14, showing growth from the present price of $40.70, which can serve as yet another indication of whether LAZ is worth investing in or should be passed over.
How Do You Analyze Lazard Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 8.53%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.36% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LAZ shares are owned by institutional investors to the tune of 67.36% at present.
