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NYSE:LAZ

Lazard - LAZ Stock Forecast, Price & News

$37.27
-0.32 (-0.85%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$36.96
$37.57
50-Day Range
$31.06
$38.66
52-Week Range
$30.72
$53.00
Volume
458,541 shs
Average Volume
787,214 shs
Market Capitalization
$3.91 billion
P/E Ratio
7.81
Dividend Yield
5.32%
Price Target
$39.71

Lazard MarketRank™ Forecast

Analyst Rating
Hold
1.86 Rating Score
Upside/​Downside
6.6% Upside
$39.71 Price Target
Short Interest
Bearish
4.86% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.26mentions of Lazard in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$2.47 M Sold Last Quarter
Proj. Earnings Growth
2.26%
From $3.98 to $4.07 Per Share

Overall MarketRank

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

1.69 out of 5 stars

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. The company was founded in 1848 and is based in Hamilton, Bermuda.

Analysts Set New Price Targets

A number of analysts have commented on LAZ shares. StockNews.com downgraded Lazard from a "buy" rating to a "hold" rating in a research report on Friday, July 8th. Morgan Stanley downgraded Lazard from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $40.00 to $30.00 in a research report on Monday, July 18th. Piper Sandler cut their target price on Lazard from $45.00 to $44.00 and set an "overweight" rating for the company in a research report on Friday, July 8th. The Goldman Sachs Group raised their target price on Lazard from $32.00 to $36.00 and gave the stock a "neutral" rating in a research report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods downgraded Lazard from a "market perform" rating to an "underperform" rating and cut their target price for the stock from $38.00 to $30.00 in a research report on Wednesday, July 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $39.71.

Lazard Trading Up 0.9 %

LAZ Stock opened at $37.59 on Tuesday. The business has a fifty day moving average price of $34.25 and a 200 day moving average price of $35.09. Lazard has a fifty-two week low of $30.72 and a fifty-two week high of $53.00. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 7.88 and a beta of 1.43. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.70 and a quick ratio of 1.70.

Lazard (NYSE:LAZ - Get Rating) last released its earnings results on Thursday, July 28th. The asset manager reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The company had revenue of $676.00 million during the quarter, compared to analysts' expectations of $666.39 million. Lazard had a return on equity of 56.01% and a net margin of 16.85%. The business's revenue for the quarter was down 17.7% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS. Analysts expect that Lazard will post 3.98 EPS for the current fiscal year.

Lazard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Monday, August 8th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 5th. This represents a $2.00 annualized dividend and a dividend yield of 5.32%. Lazard's dividend payout ratio (DPR) is currently 39.41%.

Insider Activity

In other news, President Alexander F. Stern sold 70,000 shares of Lazard stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $35.29, for a total value of $2,470,300.00. Following the completion of the sale, the president now directly owns 209,258 shares of the company's stock, valued at approximately $7,384,714.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.86% of the company's stock.

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LAZ Stock News Headlines

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Lazard (NYSE:LAZ) PT Raised to $36.00
What 4 Analyst Ratings Have To Say About Lazard
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Lazard Q2 2022 Earnings Preview - Seeking Alpha
Lazard (LAZ) Set to Announce Earnings on Thursday
See More Headlines
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LAZ Company Calendar

Ex-Dividend for 5/20 Dividend
5/06/2022
Dividend Payable
5/20/2022
Last Earnings
7/28/2022
Ex-Dividend for 8/19 Dividend
8/05/2022
Today
8/09/2022
Dividend Payable
8/19/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
G5405010
Employees
3,179
Year Founded
1848

Price Target and Rating

Average Stock Price Forecast
$39.71
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+6.6%
Consensus Rating
Hold
Rating Score (0-4)
1.86
Research Coverage
7 Analysts

Profitability

Net Income
$528.06 million
Pretax Margin
22.67%

Debt

Sales & Book Value

Annual Sales
$3.27 billion
Cash Flow
$7.56 per share
Book Value
$9.52 per share

Miscellaneous

Free Float
N/A
Market Cap
$3.91 billion
Optionable
Optionable
Beta
1.43

Social Links


Key Executives














LAZ Stock - Frequently Asked Questions

Should I buy or sell Lazard stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 2022?

7 analysts have issued 12 month price objectives for Lazard's stock. Their LAZ share price forecasts range from $30.00 to $56.00. On average, they anticipate the company's share price to reach $39.71 in the next year. This suggests a possible upside of 6.6% from the stock's current price.
View analysts price targets for LAZ
or view top-rated stocks among Wall Street analysts.

How has Lazard's stock performed in 2022?

Lazard's stock was trading at $43.63 at the beginning of 2022. Since then, LAZ shares have decreased by 14.6% and is now trading at $37.26.
View the best growth stocks for 2022 here
.

When is Lazard's next earnings date?

Lazard is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our LAZ earnings forecast
.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) posted its quarterly earnings results on Thursday, July, 28th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. The asset manager earned $676 million during the quarter, compared to the consensus estimate of $666.39 million. Lazard had a net margin of 16.85% and a trailing twelve-month return on equity of 56.01%. The firm's revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 EPS.

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

Lazard announced a quarterly dividend on Friday, July 29th. Investors of record on Monday, August 8th will be given a dividend of $0.50 per share on Friday, August 19th. This represents a $2.00 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Friday, August 5th.
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 5.37%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LAZ will have a dividend payout ratio of 49.14% next year. This indicates that the company will be able to sustain or increase its dividend.
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."

Who are Lazard's major shareholders?

Lazard's stock is owned by a number of retail and institutional investors. Top institutional investors include RWC Asset Management LLP (0.00%), Jennison Associates LLC (0.00%), Royce & Associates LP (0.57%), Todd Asset Management LLC (0.37%), Hosking Partners LLP (0.00%) and Osborne Partners Capital Management LLC (0.13%). Insiders that own company stock include Alexander F Stern, Dominick Ragone, Scott D Hoffman and Scott D Hoffman.
View institutional ownership trends
.

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 $37.26.

How many employees does Lazard have?

Lazard employs 3,179 workers across the globe.

When was Lazard founded?

Lazard was founded in 1848.

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 8/9/2022 by MarketBeat.com Staff

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