While Lazard Inc. has underperformed by -1.04%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LAZ rose by 15.03%, with highs and lows ranging from $42.24 to $25.82, whereas the simple moving average jumped by 12.17% 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)
A return on investment can be expected regardless of LAZ’s performance over the next quarter with the dividend set at $2.00 per share. Further, the quarter-over-quarter increase in sales is 46.07%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Lazard Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -4.94% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and LAZ is recording an average volume of 1.13M. On a monthly basis, the volatility of the stock is set at 3.03%, whereas on a weekly basis, it is put at 3.98%, with a gain of 2.80% over the past seven days. Furthermore, long-term investors anticipate a median target price of $49.00, showing growth from the present price of $38.89, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 7.78%. 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 66.70% 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 66.70% at present.
