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BABA   92.52 (+1.46%)
AMD   98.89 (+3.51%)
MU   61.43 (+3.85%)
T   18.03 (-0.39%)
CGC   3.34 (+16.38%)
GE   77.31 (+3.18%)
F   15.44 (+1.65%)
DIS   112.07 (+3.64%)
AMC   23.37 (+4.10%)
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NFLX   243.62 (+5.95%)
NYSE:LAZ

Lazard - LAZ Stock Forecast, Price & News

$38.81
+1.54 (+4.13%)
(As of 08/10/2022 03:26 PM ET)
Add
Compare
Today's Range
$38.00
$39.11
50-Day Range
$31.06
$38.66
52-Week Range
$30.72
$53.00
Volume
13,812 shs
Average Volume
787,214 shs
Market Capitalization
$4.08 billion
P/E Ratio
8.14
Dividend Yield
5.32%
Price Target
$39.71

Lazard MarketRank™ Forecast

Analyst Rating
Hold
1.86 Rating Score
Upside/​Downside
1.7% 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 11 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.

1.63 out of 5 stars

Finance Sector

837th out of 904 stocks

Investment Advice Industry

48th out of 49 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. The company was founded in 1848 and is based in Hamilton, Bermuda.

Lazard Trading Down 0.9 %

Shares of LAZ Stock traded down $0.32 during trading hours on Tuesday, reaching $37.27. 458,541 shares of the stock traded hands, compared to its average volume of 787,214. Lazard has a 1-year low of $30.72 and a 1-year high of $53.00. The business has a fifty day moving average price of $34.29 and a 200 day moving average price of $35.11. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $3.91 billion, a PE ratio of 7.81 and a beta of 1.43.

Lazard (NYSE:LAZ - Get Rating) last released 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. Lazard had a net margin of 16.85% and a return on equity of 56.01%. The business had revenue of $676.00 million for the quarter, compared to analyst estimates of $666.39 million. During the same quarter in the previous year, the business earned $1.28 earnings per share. The firm's revenue was down 17.7% compared to the same quarter last year. On average, equities research analysts forecast that Lazard will post 3.98 EPS for the current year.

Lazard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Friday, August 5th. Lazard's payout ratio is presently 41.93%.

Wall Street Analyst Weigh In

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

Insider Activity at Lazard

In related news, President Alexander F. Stern sold 70,000 shares of the business's stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $35.29, for a total transaction of $2,470,300.00. Following the transaction, the president now directly owns 209,258 shares of the company's stock, valued at $7,384,714.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.86% of the stock is currently owned by insiders.

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LAZ Stock News Headlines

Lazard sees 3.9% growth in July AUM - Seeking Alpha
Lazard Reports July 2022 Assets Under Management
Lazard (NYSE:LAZ) PT Raised to $36.00
What 4 Analyst Ratings Have To Say About Lazard
Lazard Q2 2022 Earnings Preview - Seeking Alpha
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
8/10/2022
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
+2.3%
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
$7.87 per share
Book Value
$9.52 per share

Miscellaneous

Free Float
N/A
Market Cap
$4.08 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 twelve months. 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 Wall Street analysts have issued 1-year price targets for Lazard's shares. Their LAZ share price forecasts range from $30.00 to $56.00. On average, they anticipate the company's stock price to reach $39.71 in the next twelve months. This suggests a possible upside of 1.7% 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 2022?

Lazard's stock was trading at $43.63 at the beginning of the year. Since then, LAZ stock has decreased by 10.5% and is now trading at $39.04.
View the best growth stocks for 2022 here
.

When is Lazard's next earnings date?

The company 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 earnings results on Thursday, July, 28th. The asset manager reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. The asset manager had revenue of $676 million for 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 company's quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 earnings per share.

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

Lazard declared a quarterly dividend on Friday, July 29th. Stockholders of record on Monday, August 8th will be paid a dividend of $0.50 per share on Friday, August 19th. This represents a $2.00 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend 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 5.32%. 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 variety of institutional and retail 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 $39.04.

How much money does Lazard make?

Lazard (NYSE:LAZ) has a market capitalization of $4.10 billion and generates $3.27 billion in revenue each year. The asset manager earns $528.06 million in net income (profit) each year or $4.77 on an earnings per share basis.

How many employees does Lazard have?

The company 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 8/10/2022 by MarketBeat.com Staff

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