Lazard Price Target Increased to $37.00 by Analysts at Keefe, Bruyette & Woods (LAZ)
Stock analysts at Keefe, Bruyette & Woods boosted their target price on shares of Lazard (NYSE:LAZ) from $35.00 to $37.00 in a report issued on Friday. Keefe, Bruyette & Woods’ price target points to a potential downside of 25.91% from the stock’s previous close.
Shares of Lazard (NYSE:LAZ) traded up 0.32% on Friday, hitting $49.94. The stock had a trading volume of 417,768 shares. Lazard has a 1-year low of $30.63 and a 1-year high of $50.61. The stock has a 50-day moving average of $47.84 and a 200-day moving average of $44.95. The company has a market cap of $6.134 billion and a P/E ratio of 29.39.
Lazard (NYSE:LAZ) last announced its earnings results on Thursday, May 1st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. Analysts expect that Lazard will post $2.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Investors 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 2.40%. The ex-dividend date of this dividend is Thursday, May 8th.
Lazard Ltd (NYSE:LAZ) is holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.