On 11/6/24, Lazard Ltd (NYSE: LAZ) stock enjoyed a major increase of 14.7%, closing at $61.01. Moreover, exceptionally high trading volume at 434% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 18.9% 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). 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 29 but a very high Power Rating of 89, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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