Stock Rating Upgrade
The Value Trend Rating for Lazard Ltd (NYSE: LAZ) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 1/12/24, Lazard Ltd (NYSE: LAZ) stock rose modestly by 1.0%, closing at $38.14. This advance was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 1.6% during the last week.
Current PriceTarget Research Rating
LAZ's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Lazard has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR's two proprietary measures of a stock's attractiveness. Lazard has a slightly negative Appreciation Score of 38 and a neutral Power Rating of 56, producing the Low Neutral Value Trend Rating.