Lazard PT Raised to $30.00 (LAZ)
Susquehanna hoisted their price objective on shares of Lazard (NYSE:LAZ) from $28.00 to $30.00 in a research note issued on Friday. The firm currently has a “neutral” rating on the stock. Susquehanna’s price objective suggests a potential downside of 39.93% from the stock’s previous close.
Shares of Lazard (NYSE:LAZ) traded up 0.32% on Friday, hitting $49.94. 417,768 shares of the company’s stock traded hands. 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 posted its quarterly 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. Shareholders 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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