Lazard, Inc. (NYSE:LAZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Lazard, Inc. (NYSE:LAZGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $43.67.

Several analysts have recently weighed in on LAZ shares. Wolfe Research upgraded shares of Lazard from a “peer perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Wednesday, January 3rd. UBS Group boosted their price objective on shares of Lazard from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday. The Goldman Sachs Group upped their price target on shares of Lazard from $28.00 to $31.00 and gave the company a “sell” rating in a research report on Tuesday, December 19th. TheStreet upgraded shares of Lazard from a “d+” rating to a “c+” rating in a research report on Monday. Finally, StockNews.com upgraded shares of Lazard from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

Check Out Our Latest Report on LAZ

Institutional Investors Weigh In On Lazard

A number of large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in Lazard by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,844,038 shares of the asset manager’s stock valued at $98,973,000 after acquiring an additional 18,233 shares during the last quarter. National Bank of Canada FI grew its stake in Lazard by 46.4% in the 4th quarter. National Bank of Canada FI now owns 110,800 shares of the asset manager’s stock valued at $4,002,000 after acquiring an additional 35,103 shares during the last quarter. First National Trust Co grew its stake in Lazard by 22.7% in the 4th quarter. First National Trust Co now owns 35,206 shares of the asset manager’s stock valued at $1,225,000 after acquiring an additional 6,522 shares during the last quarter. Todd Asset Management LLC boosted its stake in shares of Lazard by 15.4% during the 4th quarter. Todd Asset Management LLC now owns 101,200 shares of the asset manager’s stock worth $3,522,000 after purchasing an additional 13,500 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Lazard by 47.0% during the 4th quarter. M&T Bank Corp now owns 67,594 shares of the asset manager’s stock worth $2,353,000 after purchasing an additional 21,615 shares during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Lazard Trading Down 2.0 %

NYSE LAZ opened at $39.36 on Wednesday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 4.03. Lazard has a 52 week low of $25.82 and a 52 week high of $42.15. The stock has a market capitalization of $4.44 billion, a PE ratio of -40.58 and a beta of 1.46. The firm has a 50 day moving average of $35.97 and a two-hundred day moving average of $32.93.

Lazard (NYSE:LAZGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.31. The business had revenue of $825.70 million during the quarter, compared to the consensus estimate of $666.56 million. Lazard had a negative net margin of 2.93% and a positive return on equity of 16.75%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. As a group, research analysts expect that Lazard will post 3.24 EPS for the current fiscal year.

Lazard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 12th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, February 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.08%. Lazard’s dividend payout ratio (DPR) is presently -206.18%.

About Lazard

(Get Free Report

Lazard, Inc, together with its subsidiaries, operates as a financial advisory and asset management firm in North and South America, Europe, the Middle East, Asia, and Australia. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters.

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Analyst Recommendations for Lazard (NYSE:LAZ)

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