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Lazard (NYSE:LAZ)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday. They currently have a $56.00 target price on the stock, up from their previous target price of $54.00. Citigroup Inc.’s price objective suggests a potential upside of 4.42% from the stock’s previous close.

Shares of Lazard (NYSE:LAZ) traded up 0.94% on Monday, hitting $53.63. 698,901 shares of the company’s stock traded hands. Lazard has a 52-week low of $33.62 and a 52-week high of $54.07. The stock has a 50-day moving average of $51.42 and a 200-day moving average of $47.75. The company has a market cap of $6.603 billion and a price-to-earnings ratio of 25.42.

Lazard (NYSE:LAZ) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that Lazard will post $2.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Monday, August 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, July 31st.

Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Lazard in a research note on Friday. They now have a $60.00 price target on the stock, up previously from $58.00. Separately, 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 JMP Securities raised their price target on shares of Lazard from $54.00 to $56.00 in a research note on Friday, July 11th. They now have a “market outperform” rating on the stock. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $51.31.

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

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