Lazard Reaches New 12-Month High at $54.25 (LAZ)
Lazard (NYSE:LAZ)’s share price reached a new 52-week high during trading on Thursday , StockRatingsNetwork reports. The company traded as high as $54.25 and last traded at $54.00, with a volume of 353,048 shares trading hands. The stock had previously closed at $53.56.
Several analysts have recently commented on the stock. Analysts at Buckingham Research upgraded shares of Lazard from a “neutral” rating to a “buy” rating in a research note on Thursday. They now have a $64.00 price target on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.58.
The stock has a 50-day moving average of $51.59 and a 200-day moving average of $48.64. The company has a market cap of $6.585 billion and a P/E ratio of 25.63.
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 $2.90 earnings per share for the current fiscal year.
Lazard Ltd (NYSE:LAZ) is a holding company.
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