Lazard Receives Hold Rating from Susquehanna (LAZ)
Lazard (NYSE:LAZ)‘s stock had its “hold” rating reaffirmed by equities research analysts at Susquehanna in a research note issued to investors on Friday. They currently have a $28.00 price target on the stock. Susquehanna’s target price would suggest a potential downside of 43.97% from the company’s current price.
Lazard (NYSE:LAZ) traded up 0.06% on Friday, hitting $49.97. The stock had a trading volume of 425,693 shares. 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 $47.85 and its 200-day moving average is $45.02. The company has a market cap of $6.138 billion and a price-to-earnings ratio of 29.48.
Lazard (NYSE:LAZ) last announced its earnings results on Thursday, May 1st. The company reported $0.61 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.28 earnings per share. Lazard’s revenue was up 30.4% compared to the same quarter last year. 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 2.40%. The ex-dividend date is Thursday, May 8th.
A number of other firms have also recently commented on LAZ. Analysts at Raymond James raised their price target on shares of Lazard from $54.00 to $58.00 in a research note on Thursday. Separately, analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Lazard in a research note on Wednesday. They now have a $42.00 price target on the stock. Finally, analysts at Argus reiterated a “buy” rating on shares of Lazard in a research note on Monday. They now have a $55.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $48.55.
Lazard Ltd (NYSE:LAZ) is holding company.
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