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


The leading market experts have placed a mean price target of $30.60 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 $1.75 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 $26.11, and stock is hovering 1.74 or +6.67% distant from $26.11. It is noted that the 200-day MA is $24.72, and La-Z-Boy Incorporated Common St stock is $3.13 or +12.65% off from this point. La-Z-Boy Incorporated (NYSE:LZB) 52-week high is $29.34 and the 52-week low is $19.56. This explains if the stock moves $-1.49, it will post a 52-week high. In event of $+42.38% points 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 17.97. The stock last ended the trading session at $27.85 and registered a market cap of $1.36B. 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 0.90.

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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