Is Lazard (LAZ) currently a high value stock?
TZacks Rank’s proven system focuses on profit estimates and revising estimates to find winning stocks. Still, we know our readers all have their own perspectives, so we always look at the latest trends in value, growth, and momentum to find solid choices.
Given these trends, value investing is clearly one of the most preferred ways to find solid stocks in any type of market. Value investors use proven metrics and fundamental analysis to find companies they believe are undervalued at their current stock price level.
In addition to the Zacks Rankings, investors looking for stocks with specific characteristics can use our Style Scores system. Of course, value investors will be more interested in the “Value” category of the system. Stocks with “A” ratings for value and high Zacks ranks are some of the most profitable stocks available at any given time.
One company to watch right now is Lazard (LAZ). LAZ currently sports a Zacks rating of # 2 (Buy) and an A for value. The stock is currently trading with a P / E ratio of 10.84. By comparison, its industry has an average P / E of 13.23. LAZ’s forward P / E has been as high as 14.02 and as low as 5.83, with a median of 11.02, all over the past year.
Value investors also use the P / S ratio. The P / S ratio is calculated as the price divided by the sales. This is a popular metric because sales are more difficult to manipulate on an income statement, so they are often seen as a better indicator of performance. LAZ has a P / S ratio of 1.78. This compares to its industry’s average P / S of 2.74.
Value investors will likely look at more than these metrics, but the data above shows Lazard is likely undervalued right now. And given its strong earnings outlook, LAZ stands out as one of the strongest value stocks on the market.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.