Lazard Receives Average Rating of “Buy” from Analysts (NYSE:LAZ)
Lazard (NYSE:LAZ) has received an average rating of “Buy” from the twelve analysts that are covering the stock, AR Network reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $52.64.
A number of research firms have recently commented on LAZ. Analysts at Argus raised their price target on shares of Lazard from $55.00 to $60.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Lazard in a research note on Monday, July 28th. They now have a $56.00 price target on the stock, up previously from $54.00. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Lazard in a research note on Friday, July 25th. They now have a $60.00 price target on the stock, up previously from $58.00.
Shares of Lazard (NYSE:LAZ) opened at 50.76 on Friday. Lazard has a one year low of $33.62 and a one year high of $54.10. The stock’s 50-day moving average is $51.47 and its 200-day moving average is $48.23. The company has a market cap of $6.195 billion and a price-to-earnings ratio of 23.98.
Lazard (NYSE:LAZ) last released its earnings data on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.45 earnings per share. Lazard’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Lazard will post $2.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders 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 2.36%. The ex-dividend date of this dividend is Thursday, July 31st.
Lazard Ltd (NYSE:LAZ) is a holding company.
Receive News & Ratings for Lazard Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lazard Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.