Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Lazard Ltd (NYSE: LAZ) weakened of late. LAZ’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Lazard Ltd (NYSE: LAZ) stock increased 2.0% on 8/9/24. The shares closed at $45.40. However, below average trading volume at 69% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.7% during the last week.
Current PriceTarget Research Rating
LAZ’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Lazard has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Lazard has a slightly negative Appreciation Score of 31 but a good Power Rating of 85, leading to the High Neutral Value Trend Rating.
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