Why Lazard Ltd. (NYSE:LAZ) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $43.1700 on Lazard Ltd. (NYSE:LAZ) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.9200 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 Lazard Ltd. (NYSE:LAZ) stands at 7.0387.

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 Lazard LTD. Lazard, LTD. Class , the PEG ratio for coming 3-5 years is -4.0800.

Technical Analysis

The technical analysis highlights that Lazard LTD. Lazard, LTD. Class current is trading $2.1561 points away or +6.1502% from its 50-day moving average of $35.0574. Further it is trading $2.2585 or +6.4612% away its 200-day moving average of $34.9550.

The 52-week high of Lazard Ltd. (NYSE:LAZ) was $49.5700 while lowest point recorded in 52-week was $26.2100. It implies if stock price makes a movement of over $-12.3565, it will record a new 52-week high. In the case of +41.9821% drop, it will touch a new 52-week low.

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