With 0.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.95 million shares. The 52-week range on LAZ shows that it touched its highest point at $61.14 and its lowest point at $35.56 during that stretch. It currently has a 1-year price target of $56.43. With its current market cap of 4.46 billion, LAZ has annualized dividend of $2.00 while the current yield stands at 4.03%. Beta for the stock currently stands at 1.39.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LAZ was down-trending over the past week, with a drop of -8.03%, but this was down by -5.83% over a month. Three-month performance dropped to -13.20% while six-month performance fell -0.60%. The stock gained 28.61% in the past year, while it has lost -3.69% so far this year. A look at the trailing 12-month EPS for LAZ yields 2.66 with Next year EPS estimates of 4.77. For the next quarter, that number is 0.66. This implies an EPS growth rate of 58.86% for this year and 28.41% for next year. EPS is expected to grow by 33.46% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.60%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LAZ since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.22312 being high and $1.94778 being low. For LAZ, this leads to a yearly average estimate of $2.10075. Based on analyst estimates, the high estimate for the next quarter is $0.9 and the low estimate is $0.66. The average estimate for the next quarter is thus $0.77.
