Lazard Hits New 1-Year High at $50.92 (LAZ)
Lazard (NYSE:LAZ)’s share price hit a new 52-week high during mid-day trading on Tuesday , StockRatingsNetwork reports. The company traded as high as $50.92 and last traded at $50.04, with a volume of 592,237 shares traded. The stock had previously closed at $49.97.
Several analysts have recently commented on the stock. Analysts at Susquehanna reiterated a “hold” rating on shares of Lazard in a research note on Friday. They now have a $28.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Lazard from $54.00 to $58.00 in a research note on Thursday, May 22nd. Finally, analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Lazard in a research note on Wednesday, May 21st. They now have a $42.00 price target on the stock. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $48.55.
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 $6.216 billion and a P/E ratio of 29.50.
Lazard (NYSE:LAZ) last posted its quarterly 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.
Lazard Ltd (NYSE:LAZ) is holding company.
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