Analyst Ratings for La-Z-Boy Inc. (LZB)Updated: 2017-07-27
Shares of La-Z-Boy Inc. (NYSE:LZB) have received a consensus rating of Overweight from Wall Street analysts. Last month, LZB received an average rating of Overweight.
2 analysts declared LZB a buy, 0 gave an overweight rating, 3 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for LZB. The highest price target was 36, which equates to a potential upside of 8.27 percent. The lowest price target was 30, which equates to a potential downside of -9.77 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is -12.04 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.21 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
LZB has an estimated earnings growth rate of 6.82 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. LZB has a PEG ratio of 2.8.
In the trailing 52-weeks, LZB hit 33.45 at the highest peak, while it's lowest trading point was 22.09. Currently the stock is 50.52 percent higher than its low, and 0.6 percent below the high. LZB has a P/E ratio of 19.11. Investors typically compare the P/E ratio to a company's peers in the industry. The LZB value stock report compares LZB to some of its peers using value stock charts. The stock has a market capitalization of $1.6 billion. LZB's next earnings release will be on 0000-00-00, which is days away.