Lazard Given New $49.00 Price Target at Susquehanna (LAZ)
Research analysts at Susquehanna upped their price objective on shares of Lazard (NYSE:LAZ) from $45.00 to $49.00 in a report released on Thursday. Susquehanna’s price target indicates a potential downside of 0.16% from the stock’s previous close.
Lazard (NYSE:LAZ) traded down 2.17% on Thursday, hitting $49.08. The stock had a trading volume of 1,088,514 shares. Lazard has a one year low of $30.63 and a one year high of $50.61. The stock’s 50-day moving average is $47.74 and its 200-day moving average is $44.87. The company has a market cap of $6.028 billion and a P/E ratio of 29.62.
Lazard (NYSE:LAZ) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 30.4% on a year-over-year basis. On average, analysts predict that Lazard will post $2.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 23rd. Investors of record on Monday, May 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, May 8th.
Lazard Ltd (NYSE:LAZ) is holding company.
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