Recent significant negative changes in fundamentals have affected Lazard Ltd (NYSE: LAZ): the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Important negative changes in Lazard Ltd (NYSE: LAZ) investment behavior have recently occurred: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LAZ is expected to continue to be a major Value Builder.
Lazard has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Lazard has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 40, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 11/17/23, Lazard Ltd (NYSE: LAZ) stock declined modestly by -0.3%, closing at $26.82. The stock has performed in line with the market over the last nine months and has declined -3.9% during the last week.
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