Why La-Z-Boy Incorporated (NYSE:LZB) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $31.50 on La-Z-Boy Incorporated (NYSE:LZB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.72 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of La-Z-Boy Incorporated (NYSE:LZB) stands at 17.38.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For La-Z-Boy Incorporated Common St, the PEG ratio for coming 3-5 years is 0.92.

Technical Analysis

The technical analysis highlights that La-Z-Boy Incorporated Common St current is trading $-2.51 points away or -8.45% from its 50-day moving average of $29.67. Further it is trading $0.45 or +1.68% away its 200-day moving average of $26.71.

The 52-week high of La-Z-Boy Incorporated (NYSE:LZB) was $31.22 while lowest point recorded in 52-week was $19.56. It implies if stock price makes a movement of over $-4.06, it will record a new 52-week high. In the case of +38.85% drop, it will touch a new 52-week low.

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