Lazard Ltd (NYSE: LAZ) has reported earnings for its third fiscal quarter (ending September 30) of $1.13 versus $0.07 for the same period a year ago — an increase of 1514%. For the latest four quarters through September 30, E.P.S. were $2.73 compared to $-1.13 a year ago — a decline of -342%.
Recent Price Action
Lazard Ltd (NYSE: LAZ) stock closed at $52.99 on 10/31/24 after a large increase of 4.5%. Moreover, exceptionally high trading volume at 292% of normal accompanied the advance. The stock has risen 3.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Lazard has a poor Appreciation Score of 28 but a very high Power Rating of 87, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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