NYSE:LAZ

Lazard (LAZ) Stock Forecast, Price & News

$31.01

-0.02 (-0.06%)

(As of 09/29/2023 ET)

Compare

Today's Range: $30.99
▼
$31.52
50-Day Range: $30.34
▼
$36.42
52-Week Range: $27.71
▼
$43.44

Volume: 329,334 shs
Average Volume: 600,174 shs
Market Capitalization: $3.50 billion

P/E Ratio: N/A
Dividend Yield: 6.45%
Price Target: $40.00

Lazard MarketRank™ Forecast

Analyst Rating: Hold
2.17 Rating Score
Upside/Downside: 29.0% Upside
$40.00 Price Target
Short Interest: Bearish
2.80% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.64
Upright™ Environmental Score
News Sentiment: 0.05
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 452.78%
From $0.72 to $3.98 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Finance Sector

246th out of 881 stocks

Investment Advice Industry

19th out of 50 stocks

4.1

Analyst's Opinion

Consensus Rating
Lazard has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $40.00, Lazard has a forecasted upside of 29.0% from its current price of $31.01.
Amount of Analyst Coverage
Lazard has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
2.80% of the float of Lazard has been sold short.
Short Interest Ratio / Days to Cover
Lazard has a short interest ratio ("days to cover") of 4.7.
Change versus previous month
Short interest in Lazard has recently increased by 4.83%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Leadership
Lazard is a leading dividend payer. It pays a dividend yield of 6.45%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Lazard has been increasing its dividend for 14 years.
Dividend Sustainability
Based on earnings estimates, Lazard will have a dividend payout ratio of 50.25% next year. This indicates that Lazard will be able to sustain or increase its dividend.

2.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Lazard has received a 8.21% net impact score from Upright. Lazard seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Societal infrastructure". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Personal investment advisory services", "Mergers and acquisition advisory services", and "Ownership restructuring services" products. See details.
Environmental Sustainability
The Environmental Impact score for Lazard is -0.64.

1.7

News and Social Media Coverage

News Sentiment
Lazard has a news sentiment score of 0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Lazard this week, compared to 8 articles on an average week.
Search Interest
11 people have searched for LAZ on MarketBeat in the last 30 days. This is an increase of 83% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Lazard to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lazard insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.86% of the stock of Lazard is held by insiders.
Percentage Held by Institutions
57.64% of the stock of Lazard is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Lazard are expected to grow by 452.78% in the coming year, from $0.72 to $3.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lazard is -172.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lazard is -172.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Lazard has a P/B Ratio of 5.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Lazard (NYSE:LAZ) Stock

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard Ltd was founded in 1848 and is based in Hamilton, Bermuda.

LAZ Price History

30 days | 90 days | 365 days | Advanced Chart

LAZ Stock News Headlines

September 5, 2023 | marketbeat.com

3 Emerging Market Stocks To Cushion FED Hikes (LAZ)

As the United States business outlook dampens on the back of FED hikes, these emerging market stocks begin to shine a light on the next growth wave

September 28, 2023 | msn.com

Lazard's Raymond McGuire: Deglobalization will be the reindustrialization of America

September 30, 2023 | Altimetry (Ad)

WARNING: Seven millionaires to trigger sudden market panic?

The next major selloff could be just days away…And seven powerful (yet completely unknown) insiders will be behind it all – and help corporate executives make a killing as it plays out. Here’s the full story.

September 28, 2023 | msn.com

Lazard's McGuire: AI supercomputing will increase demand on the power grid

September 27, 2023 | msn.com

Morgan Stanley Maintains Lazard - (LAZ) Overweight Recommendation

September 27, 2023 | americanbankingnews.com

Lazard (NYSE:LAZ) Price Target Cut to $42.00 by Analysts at Morgan Stanley

September 23, 2023 | msn.com

Allen Lazard Can't Be Trusted In Week 3

September 21, 2023 | msn.com

Goldman Sachs Downgrades Lazard - (LAZ)

September 30, 2023 | Altimetry (Ad)

DOD Consultant's big 2024 prediction looks to be coming true

Earlier this year, a Department of Defense (DOD) consultant went public with a big prediction…About how a surprising 2024 event would dramatically affect you and your money. The most recent figures (published June 9th 2023) indicate he’s very likely to be right. Get the facts—learn how to prepare. Full analysis available free of charge here…

September 20, 2023 | msn.com

Lazard stock dips after Goldman downgrades to Sell on revenue challenges

September 20, 2023 | americanbankingnews.com

Lazard (NYSE:LAZ) Downgraded to Sell at The Goldman Sachs Group

September 19, 2023 | in.investing.com

Goldman Sachs cuts Lazard to Sell on short term challenges and elevated value

September 19, 2023 | markets.businessinsider.com

What 5 Analyst Ratings Have To Say About Lazard

September 19, 2023 | markets.businessinsider.com

Goldman Sachs downgrades Lazard (LAZ) to a Hold

September 16, 2023 | msn.com

Lazard's upcoming CEO Peter Orszag aims for revenue to double by 2030 - report

September 14, 2023 | msn.com

ECB raises rates but signals end of policy tightening

September 14, 2023 | msn.com

Lazard's New Boss Lays Out Strategy

September 14, 2023 | finance.yahoo.com

Lazard’s New CEO Peter Orszag Wants to Double Revenue by 2030

September 14, 2023 | finance.yahoo.com

Lazard's (LAZ) August AUM Falls 2.9% on Challenging Markets

September 14, 2023 | ft.com

Share price and revenues can double this decade, new Lazard chief tells staff

September 14, 2023 | bloomberg.com

Lazard Incoming CEO Orszag Seeks to Double Revenue by 2030

September 14, 2023 | msn.com

Jets Teammates Offer Full Support for Zach Wilson After Aaron Rodgers Injury

September 13, 2023 | afr.com

Lazard tries new owners for fit at renewables platform Tetris Energy

September 13, 2023 | finance.yahoo.com

Elon Musk’s monopoly over the space race could ‘choke’ the sector if left unchecked, top Lazard investment banker warns

September 13, 2023 | markets.businessinsider.com

Lazard Reports Preliminary Aug. AUM - Quick Facts

September 13, 2023 | msn.com

Lazard August AUM drops 3% in August

September 13, 2023 | finance.yahoo.com

Lazard Reports August 2023 Assets Under Management

See More Headlines

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LAZ Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 8/18 Dividend: 8/04/2023
Dividend Payable: 8/18/2023
Today: 9/30/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Investment advice
Sub-Industry: Investment Banking & Brokerage
Sector: Finance
Current Symbol: NYSE:LAZ
CUSIP: G5405010
CIK: 1311370
Web: www.lazard.com
Phone: (212) 632-6000
Fax: 441-292-4720
Employees: 3,402
Year Founded: 1848

Price Target and Rating

Average Stock Price Forecast: $40.00
High Stock Price Forecast: $53.00
Low Stock Price Forecast: $32.00
Forecasted Upside/Downside: +29.0%
Consensus Rating: Hold
Rating Score (0-4): 2.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.18)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 43.07
P/E Growth: N/A
Net Income: $357.52 million
Net Margins: 0.07%
Pretax Margin: 3.12%
Return on Equity: 30.45%
Return on Assets: 3.27%

Debt

Debt-to-Equity Ratio: 4.06
Current Ratio: 1.56
Quick Ratio: 1.56

Sales & Book Value

Annual Sales: $2.86 billion
Price / Sales: 1.22
Cash Flow: $7.51 per share
Price / Cash Flow: 4.13
Book Value: $5.99 per share
Price / Book: 5.18

Miscellaneous

Outstanding Shares: 112,770,000
Free Float: 108,413,000
Market Cap: $3.50 billion
Optionable: Optionable
Beta: 1.41

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Key Executives

Mr. Kenneth Marc Jacobs (Age 64)
Chairman & CEO
Comp: $1.14M

Mr. Peter R. Orszag (Age 54)
Chief Exec. Officer of Financial Advisory
Comp: $2.08M

Mr. Evan Lawrence Russo J.D. (Age 48)
Chief Exec. Officer of Asset Management
Comp: $868.16k

Mr. Raymond J. McGuire (Age 66)
Pres

Ms. Mary Ann Betsch (Age 44)
CFO & Chief Accounting Officer

Mr. Pierre Tattevin (Age 66)
Managing Director

Mr. Scott D. Hoffman Esq. (Age 60)
Chief Admin. Officer, Gen. Counsel & Sec.

Ms. Alexandra M. Deignan
Head of Investor Relations

Ms. Judi Frost Mackey
Managing Director of Global Communications

Ms. Alexandra Soto (Age 55)
Group Exec. of Human Capital & Workplace Innovation

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LAZ Stock - Frequently Asked Questions

Should I buy or sell Lazard stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LAZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LAZ, but not buy additional shares or sell existing shares.
View LAZ analyst ratings or view top-rated stocks.
What is Lazard's stock price forecast for 2023?: 6 analysts have issued 12 month price objectives for Lazard's shares. Their LAZ share price forecasts range from $32.00 to $53.00. On average, they expect the company's share price to reach $40.00 in the next year. This suggests a possible upside of 29.0% from the stock's current price.
View analysts price targets for LAZ or view top-rated stocks among Wall Street analysts.
How have LAZ shares performed in 2023?: Lazard's stock was trading at $34.67 on January 1st, 2023. Since then, LAZ shares have decreased by 10.6% and is now trading at $31.01.
View the best growth stocks for 2023 here.
When is Lazard's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our LAZ earnings forecast.
How were Lazard's earnings last quarter?: Lazard Ltd (NYSE:LAZ) released its quarterly earnings results on Thursday, July, 27th. The asset manager reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.13. The asset manager earned $620 million during the quarter, compared to analysts' expectations of $572.06 million. Lazard had a net margin of 0.07% and a trailing twelve-month return on equity of 30.45%. Lazard's revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share.
How often does Lazard pay dividends? What is the dividend yield for Lazard?: Lazard declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.50 per share on Friday, August 18th. This represents a $2.00 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Friday, August 4th.
Read our dividend analysis for LAZ.
What ETFs hold Lazard's stock?: ETFs with the largest weight of Lazard (NYSE:LAZ) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), Invesco KBW High Dividend Yield Financial ETF (KBWD), iShares Factors US Value Style ETF (STLV), Cultivar ETF (CVAR) and Schwab Ariel ESG ETF (SAEF).ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM).
Is Lazard a good dividend stock?: Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 6.55%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for LAZ.

What is Kenneth M. Jacobs' approval rating as Lazard's CEO?: 96 employees have rated Lazard Chief Executive Officer Kenneth M. Jacobs on Glassdoor.com. Kenneth M. Jacobs has an approval rating of 98% among the company's employees. This puts Kenneth M. Jacobs in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Lazard own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Lazard investors own include Bank of America (BAC), AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Enterprise Products Partners (EPD), Micron Technology (MU), CVS Health (CVS) and QUALCOMM (QCOM).
What is Lazard's stock symbol?: Lazard trades on the New York Stock Exchange (NYSE) under the ticker symbol "LAZ."
How do I buy shares of Lazard?: Shares of LAZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Lazard's stock price today?: One share of LAZ stock can currently be purchased for approximately $31.01.
How much money does Lazard make?: Lazard (NYSE:LAZ) has a market capitalization of $3.50 billion and generates $2.86 billion in revenue each year. The asset manager earns $357.52 million in net income (profit) each year or ($0.18) on an earnings per share basis.
How many employees does Lazard have?: The company employs 3,402 workers across the globe.
How can I contact Lazard?: Lazard's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM II. The official website for the company is www.lazard.com. The asset manager can be reached via phone at (212) 632-6000, via email at alexandra.deignan@lazard.com, or via fax at 441-292-4720.

This page (NYSE:LAZ) was last updated on 9/30/2023 by MarketBeat.com Staff

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Lazard (LAZ) Stock Forecast, Price & News

Lazard MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Lazard (NYSE:LAZ) Stock

LAZ Price History

LAZ Stock News Headlines

LAZ Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

LAZ Stock - Frequently Asked Questions

Overall MarketRank^™