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.
Investment analysts gave a few price targets for LZB. The maximum price target given was 36, which equates to a potential upside of 8.27 percent. The minimum price target given was 30, which equates to a potential downside of -9.77 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -12.04 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 2.21 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of LZB's earnings is estimated by analysts to be 6.82 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of LZB is 2.8.
LZB has traded between a high of 33.45 and a low of 22.09 over the past year. The current market price is above the trailing year's low by 50.52 percent, 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 market cap of LZB is $1.6 billion. LZB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.