Lazard Stock Forecast, Price & News

Lazard's stock was trading at $29.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LAZ shares have increased by 54.0% and is now trading at $45.62.
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9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Lazard stock. 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.
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Wall Street analysts have given Lazard a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Lazard wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Lazard is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Lazard.

Lazard Ltd (NYSE:LAZ) announced its earnings results on Tuesday, November, 3rd. The asset manager reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.47 by $0.20. The asset manager had revenue of $569.05 million for the quarter, compared to analysts' expectations of $506.79 million. Lazard had a return on equity of 47.79% and a net margin of 11.62%. Lazard's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS.
View Lazard's earnings history.

Lazard declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Monday, November 9th will be given a dividend of $0.47 per share on Friday, November 20th. This represents a $1.88 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, November 6th.
View Lazard's dividend history.

Lazard pays an annual dividend of $1.88 per share and currently has a dividend yield of 4.14%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Lazard is 57.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lazard will have a dividend payout ratio of 50.00% next year. This indicates that Lazard will be able to sustain or increase its dividend.
View Lazard's dividend history.

9 analysts have issued 1 year price objectives for Lazard's shares. Their forecasts range from $24.00 to $52.00. On average, they expect Lazard's stock price to reach $38.44 in the next twelve months. This suggests that the stock has a possible downside of 15.7%.
View analysts' price targets for Lazard or view Wall Street analyst' top-rated stocks.

Lazard saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,090,000 shares, an increase of 40.5% from the December 15th total of 2,200,000 shares. Based on an average trading volume of 591,600 shares, the days-to-cover ratio is currently 5.2 days. Currently, 2.8% of the shares of the company are sold short.
View Lazard's Short Interest.

Some companies that are related to Lazard include Morgan Stanley (MS), The Charles Schwab (SCHW), The Goldman Sachs Group (GS), Raymond James (RJF), LPL Financial (LPLA), Stifel Financial (SF), Evercore (EVR), BGC Partners (BGCP), Piper Jaffray Companies (PJC), Cowen (COWN), Oppenheimer (OPY), Greenhill & Co., Inc. (GHL), (FBRC) (FBRC) and Global Brokerage (GLBR).
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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), The Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Enterprise Products Partners (EPD), Micron Technology (MU), CVS Health (CVS) and QUALCOMM (QCOM).

Lazard trades on the New York Stock Exchange (NYSE) under the ticker symbol "LAZ."

Lazard's stock is owned by a number of institutional and retail investors. Top institutional shareholders include North Star Investment Management Corp. (0.03%), Raymond James Trust N.A. (0.01%), Wedge Capital Management L L P NC (0.01%) and State of Alaska Department of Revenue (0.00%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone and Scott D Hoffman.
View institutional ownership trends for Lazard.

LAZ stock was sold by a variety of institutional investors in the last quarter, including North Star Investment Management Corp., and Raymond James Trust N.A.. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern, and Scott D Hoffman.
View insider buying and selling activity for Lazard or view top insider-selling stocks.

LAZ stock was purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, and State of Alaska Department of Revenue.
View insider buying and selling activity for Lazard or or view top insider-buying stocks.

Shares of LAZ 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.

One share of LAZ stock can currently be purchased for approximately $45.62.

Lazard has a market capitalization of $4.79 billion and generates $2.67 billion in revenue each year. The asset manager earns $286.50 million in net income (profit) each year or $3.28 on an earnings per share basis. Lazard employs 3,018 workers across the globe.

The official website for Lazard is www.lazard.com.

Lazard's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM II. The asset manager can be reached via phone at 441-295-1422 or via email at [email protected]