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Shares of Lazard (NYSE:LAZ) have been given an average rating of “Buy” by the thirteen ratings firms that are covering the stock, Stock Ratings Network reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $51.40.

A number of analysts have recently weighed in on LAZ shares. Analysts at Goldman Sachs raised their price target on shares of Lazard from $57.00 to $60.00 in a research note on Monday, May 12th. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Lazard from $49.00 to $54.00 in a research note on Friday, May 2nd. Finally, analysts at Citigroup Inc. raised their price target on shares of Lazard from $46.00 to $50.00 in a research note on Tuesday, April 8th.

Shares of Lazard (NYSE:LAZ) traded down 1.77% during mid-day trading on Tuesday, hitting $49.28. The stock had a trading volume of 610,366 shares. Lazard has a 52 week low of $30.63 and a 52 week high of $50.61. The stock’s 50-day moving average is $47.68 and its 200-day moving average is $44.80. The company has a market cap of $6.053 billion and a price-to-earnings ratio of 29.62.

Lazard (NYSE:LAZ) last announced its earnings results on Thursday, May 1st. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.07. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $514.80 million. During the same quarter last year, the company posted $0.28 earnings per share. Lazard’s revenue was up 30.4% compared to the same quarter last year. On average, analysts predict that Lazard will post $2.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Shareholders of record on Monday, May 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 8th.

Lazard Ltd (NYSE:LAZ) is holding company.

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