What Are The Chances Of Lazard Inc. (NYSE: LAZ) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Lazard Announces Results of Cash Tender Offer of Lazard Group LLC.

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Stocks Info

As a NYSE listed company, LAZ falls under the Financial sector while operating within the Capital Markets industry segment. At the end of the last regular session, the stock closed at $39.48 and fluctuated between $39.61 as its day high and $38.29 as its day low. The current market capitalization of Lazard Inc. is $3.45B. A total of 1.08 million shares were traded on the day, compared to an average of 1.13M shares.

In the most recent transaction, Russo Evan L sold 75,000 shares of LAZ for 39.35 per share on Mar 13 ’24. After the transaction, the CEO of Asset Management now owns 227,448 company shares. In a previous transaction on Feb 14 ’24, Gathy Michael sold 385 shares at 37.22 per share. LAZ shares that Chief Accounting Officer owns now total 0.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. LAZ’s most recent ex-dividend date was 2/9/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 2/23/2024. Previously, the company paid the dividend on 11/17/2023 with an ex-dividend date of 11/3/2023. The LAZ stock dividend was $0.50 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, LAZ has a high of $42.15 and a low of $25.82.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. LAZ’s latest balance sheet shows that the firm has $2.81B in Cash & Short Term Investments as of fiscal 2021. There were $2.24B in debt and $2.15B in liabilities at the time. Its Book Value Per Share was $4.85, while its Total Shareholder’s Equity was $1.65B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LAZ is Buy with a score of 4.00.

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