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Analysts at Sandler O’Neill upped their price target on shares of Lazard (NYSE:LAZ) to $37.00 in a research report issued to clients and investors on Tuesday. Sandler O’Neill’s target price would indicate a potential downside of 25.91% from the stock’s previous close.

Lazard (NYSE:LAZ) traded up 0.32% during mid-day trading on Tuesday, hitting $49.94. The stock had a trading volume of 417,768 shares. Lazard has a one year low of $30.63 and a one 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 price-to-earnings 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. 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. Stockholders 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 2.40%. The ex-dividend date is Thursday, May 8th.

Lazard Ltd (NYSE:LAZ) is holding company.

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