Lazard Price Target Raised to $54.00 at JMP Securities (LAZ)
Investment analysts at JMP Securities lifted their target price on shares of Lazard (NYSE:LAZ) from $51.00 to $54.00 in a note issued to investors on Thursday. JMP Securities’ price objective would suggest a potential upside of 10.02% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Lazard in a research note on Tuesday, April 1st. They now have a $54.00 price target on the stock. Separately, analysts at Nomura upgraded shares of Lazard from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. They now have a $54.00 price target on the stock, up previously from $48.00. Finally, analysts at Argus raised their price target on shares of Lazard from $45.00 to $55.00 in a research note on Wednesday, March 5th. They now have a “buy” rating on the stock. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Lazard currently has a consensus rating of “Buy” and a consensus price target of $51.40.
Shares of Lazard (NYSE:LAZ) traded down 2.17% on Thursday, hitting $49.08. 1,088,514 shares of the company’s stock traded hands. 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 $6.028 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 declared a quarterly dividend, which is scheduled for Friday, May 23rd. Stockholders 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 2.44%. The ex-dividend date of this dividend is Thursday, May 8th.
Lazard Ltd (NYSE:LAZ) is holding company.
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