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Lazard (NYSE:LAZ)‘s stock had its “outperform” rating restated by equities research analysts at Raymond James in a research note issued to investors on Friday. They currently have a $60.00 target price on the stock, up from their previous target price of $58.00. Raymond James’ price objective would suggest a potential upside of 12.93% from the company’s current price.

Shares of Lazard (NYSE:LAZ) traded up 1.55% during mid-day trading on Friday, hitting $53.13. The stock had a trading volume of 1,443,113 shares. Lazard has a 52-week low of $33.62 and a 52-week high of $53.18. The stock has a 50-day moving average of $51. and a 200-day moving average of $47.69. The company has a market cap of $6.526 billion and a price-to-earnings ratio of 30.89.

Lazard (NYSE:LAZ) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.06. The company had revenue of $571.00 million for the quarter, compared to the consensus estimate of $530.30 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that Lazard will post $2.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Monday, August 4th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, July 31st.

LAZ has been the subject of a number of other recent research reports. Analysts at JMP Securities reiterated a “market outperform” rating on shares of Lazard in a research note on Friday. They now have a $57.00 price target on the stock, up previously from $56.00. Finally, analysts at Zacks upgraded shares of Lazard from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $56.00 price target on the stock. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $51.15.

Lazard Ltd (NYSE:LAZ) is a holding company.

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