Weekly Investment Analysts’ Ratings Updates for Lazard (LAZ)

Several analysts have recently updated their ratings and price targets for Lazard (NYSE: LAZ):

  • 2/5/2018 – Lazard was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Shares of Lazard have outperformed the industry over the past six months. This price performance was backed by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all the trailing four quarters. The company’s fourth-quarter 2017 adjusted earnings were supported by growth in assets under management (AUM).The company is well positioned to grow organically, driven by strength in its Financial Advisory and Asset Management segments. Notably, in 2016, Lazard acquired Verus Partners and the remaining stake in MBA Lazard, to fortify its financial advisory business footprint across America. Further, focus on cost management will likely enhance the company’s profitability. However, its dependence on local and global economic conditions for revenue generation and regulatory pressure can hurt top-line growth in the near term.”
  • 2/2/2018 – Lazard was downgraded by analysts at TheStreet from an “a-” rating to a “c+” rating.
  • 2/2/2018 – Lazard had its price target raised by analysts at JMP Securities from $63.00 to $65.00. They now have a “market outperform” rating on the stock.
  • 2/2/2018 – Lazard had its price target raised by analysts at Nomura from $62.00 to $67.00. They now have a “buy” rating on the stock.
  • 2/1/2018 – Lazard had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $67.00 price target on the stock.
  • 1/11/2018 – Lazard had its “buy” rating reaffirmed by analysts at Sandler O’Neill. They now have a $64.00 price target on the stock.
  • 1/8/2018 – Lazard was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating. They now have a $64.00 price target on the stock.
  • 1/3/2018 – Lazard was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating. They now have a $62.00 price target on the stock, up previously from $46.00.
  • 1/3/2018 – Lazard was upgraded by analysts at Instinet from a “neutral” rating to a “buy” rating.
  • 1/3/2018 – Lazard was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Lazard have underperformed the industry over the past six months. However, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all the trailing four quarters. The company is well positioned to grow organically, driven by strength in its Financial Advisory and Asset Management segments. Notably, in 2016, Lazard acquired Verus Partners and the remaining stake in MBA Lazard, to fortify its financial advisory business footprint across America. Further, focus on cost management will likely enhance the company’s profitability. However, its dependence on local and global economic conditions for revenue generation and regulatory pressure can hurt top-line growth in the near term.”
  • 12/21/2017 – Lazard was downgraded by analysts at Buckingham Research from a “buy” rating to a “neutral” rating. They now have a $54.00 price target on the stock.

Shares of Lazard Ltd (NYSE:LAZ) traded up $0.08 on Monday, reaching $53.90. 203,410 shares of the company were exchanged, compared to its average volume of 907,953. The company has a market cap of $6,984.01, a price-to-earnings ratio of 29.29, a PEG ratio of 1.27 and a beta of 1.84. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.87. Lazard Ltd has a 12-month low of $40.50 and a 12-month high of $60.00.

Lazard (NYSE:LAZ) last announced its earnings results on Thursday, February 1st. The asset manager reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.20. The firm had revenue of $683.00 million during the quarter, compared to analyst estimates of $658.86 million. Lazard had a net margin of 9.40% and a return on equity of 38.66%. Lazard’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. research analysts anticipate that Lazard Ltd will post 3.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be given a $0.116 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.46 dividend on an annualized basis and a yield of 0.86%. Lazard’s dividend payout ratio is presently 89.13%.

Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients.

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