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AMC   7.95 (+2.05%)
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PYPL   58.33 (+0.26%)
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AMD   103.63 (+0.85%)
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AMC   7.95 (+2.05%)
PFE   33.09 (+3.12%)
PYPL   58.33 (+0.26%)
NFLX   376.80 (+0.12%)
QQQ   358.44 (+0.12%)
AAPL   171.18 (+0.29%)
MSFT   316.03 (+0.76%)
META   301.20 (-0.91%)
GOOGL   130.81 (-1.13%)
AMZN   127.00 (+0.81%)
TSLA   249.59 (+1.30%)
NVDA   435.55 (+1.08%)
NIO   9.01 (+1.12%)
BABA   86.83 (+1.51%)
AMD   103.63 (+0.85%)
T   14.98 (-0.20%)
F   12.41 (-1.19%)
MU   68.19 (+4.59%)
CGC   0.79 (-3.02%)
GE   110.77 (-1.40%)
DIS   80.89 (+0.95%)
AMC   7.95 (+2.05%)
PFE   33.09 (+3.12%)
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NYSE:LAZ

Lazard (LAZ) Stock Forecast, Price & News

$31.18
+0.15 (+0.48%)
(As of 03:14 PM ET)
Compare
Today's Range
$31.11
$31.52
50-Day Range
$30.34
$36.42
52-Week Range
$27.71
$43.44
Volume
178,407 shs
Average Volume
698,191 shs
Market Capitalization
$3.52 billion
P/E Ratio
N/A
Dividend Yield
6.41%
Price Target
$40.00

Lazard MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
28.3% 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
0.05mentions of Lazard in the last 14 days
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

217th out of 868 stocks

Investment Advice Industry

17th out of 50 stocks


LAZ stock logo

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

LAZ Stock News Headlines

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
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Allen Lazard Can't Be Trusted In Week 3
Goldman Sachs Downgrades Lazard - (LAZ)
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Lazard (NYSE:LAZ) Downgraded to Sell at The Goldman Sachs Group
What 5 Analyst Ratings Have To Say About Lazard
Goldman Sachs downgrades Lazard (LAZ) to a Hold
Lazard's New Boss Lays Out Strategy
Lazard's (LAZ) August AUM Falls 2.9% on Challenging Markets
Lazard Reports Preliminary Aug. AUM - Quick Facts
Lazard August AUM drops 3% in August
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
9/29/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
G5405010
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
+28.4%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$357.52 million
Pretax Margin
3.12%

Debt

Sales & Book Value

Annual Sales
$2.86 billion
Cash Flow
$7.54 per share
Book Value
$5.99 per share

Miscellaneous

Free Float
108,413,000
Market Cap
$3.51 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.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













LAZ Stock - Frequently Asked Questions

Should I buy or sell Lazard stock right now?

6 Wall Street equities 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 equities 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 equities research analysts have issued 1 year price targets for Lazard's shares. Their LAZ share price forecasts range from $32.00 to $53.00. On average, they anticipate the company's stock price to reach $40.00 in the next year. This suggests a possible upside of 28.4% 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 10.2% and is now trading at $31.15.
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) issued its earnings results on Thursday, July, 27th. The asset manager reported $0.24 EPS 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%. The firm's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share.

How often does Lazard pay dividends? What is the dividend yield for Lazard?

Lazard announced a quarterly dividend on Wednesday, July 26th. Stockholders of record on Monday, August 7th will be given a dividend of $0.50 per share on Friday, August 18th. This represents a $2.00 annualized dividend and a yield of 6.42%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for LAZ
.

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 $31.15.

How much money does Lazard make?

Lazard (NYSE:LAZ) has a market capitalization of $3.51 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 9/29/2023 by MarketBeat.com Staff

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