Stock To Watch: La-Z-Boy Incorporated (NYSE:LZB)


The leading market experts have placed a mean price target of $31.50 on La-Z-Boy Incorporated (NYSE:LZB) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.49 a share for the upcoming quarter and $1.76 for the current fiscal.

Technical View

The technical analysis of La-Z-Boy Incorporated Common St plainly substantiates that the 50-day moving average of La-Z-Boy Incorporated Common St is $29.05, and stock is trading $1.17 points away or +4.03% from its 50-day moving average of $29.05. Further it is trading $4.20 or +16.15% away its 200-day moving average of $26.02. La-Z-Boy Incorporated (NYSE:LZB) 52-week high is $30.59 and the 52-week low is $19.56.

This explains if the stock moves $-0.37, it will post a 52-week high. In event of +54.50% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of La-Z-Boy Incorporated Common St, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, La-Z-Boy Incorporated (NYSE:LZB) ratio came in at 19.50.

The stock last ended the trading session at $30.22 and registered a market cap of $1.48B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. La-Z-Boy Incorporated (NYSE:LZB) PEG ratio is at 0.98.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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