Lazard Ltd (NYSE: LAZ) has reported earnings for its first fiscal quarter (ending March 31) of $0.38 versus a loss $-0.27 for the same period a year ago. E.P.S. were $-0.27 for the latest four quarters through March 31 versus $2.27 for the same period a year ago.
Recent Price Action
Lazard Ltd (NYSE: LAZ) stock closed at $38.89 on 4/25/24 after a modest decline of -1.0%. Moreover, trading volume in this decline was above average at 132% of normal. The stock has risen 3.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
LAZ is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Lazard has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Lazard has a neutral Appreciation Score of 42 but a very high Power Rating of 88, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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