NYSE:LAZLazard Stock Price, Forecast & News

Lazard's stock was trading at $29.62 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LAZ stock has decreased by 6.7% and is now trading at $27.63. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Lazard.

Lazard is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Lazard.

Lazard Ltd (NYSE:LAZ) released its quarterly earnings results on Thursday, April, 30th. The asset manager reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.04. The asset manager earned $563 million during the quarter, compared to analysts' expectations of $585.73 million. Lazard had a return on equity of 52.29% and a net margin of 9.89%. The firm's revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. View Lazard's earnings history.

Lazard declared a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, May 11th will be paid a dividend of $0.47 per share on Friday, May 22nd. This represents a $1.88 annualized dividend and a dividend yield of 6.80%. The ex-dividend date is Friday, May 8th. View Lazard's dividend history.

8 analysts have issued 12-month target prices for Lazard's stock. Their forecasts range from $24.00 to $48.00. On average, they anticipate Lazard's share price to reach $35.00 in the next year. This suggests a possible upside of 26.7% from the stock's current price. View analysts' price targets for Lazard.

Press coverage about LAZ stock has trended extremely negative on Friday, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Lazard earned a news sentiment score of -4.0 on InfoTrie's scale. They also gave press coverage about the asset manager a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutLazard.

Lazard saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,870,000 shares, an increase of 38.7% from the April 30th total of 2,790,000 shares. Based on an average trading volume of 874,600 shares, the days-to-cover ratio is presently 4.4 days. Currently, 3.8% of the shares of the stock are sold short. View Lazard's Current Options Chain.

Some companies that are related to Lazard include Morgan Stanley (MS), Goldman Sachs Group (GS), Charles Schwab (SCHW), TD Ameritrade (AMTD), E*TRADE Financial (ETFC), Raymond James (RJF), LPL Financial (LPLA), Stifel Financial (SF), Evercore (EVR), INTL Fcstone (INTL), BGC Partners (BGCP), Piper Jaffray Companies (PJC), Cowen (COWN), Oppenheimer (OPY) and Greenhill & Co., Inc. (GHL). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lazard investors own include Bank of America (BAC), AbbVie (ABBV), AT&T (T), Cisco Systems (CSCO), Walt Disney (DIS), Micron Technology (MU), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), NVIDIA (NVDA) and Johnson & Johnson (JNJ).

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

Lazard's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Southeastern Asset Management Inc. TN (6.85%), BlackRock Inc. (4.32%), JPMorgan Chase & Co. (2.92%), Geode Capital Management LLC (1.47%), State Street Corp (1.14%) and Fisher Asset Management LLC (1.13%). 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 Southeastern Asset Management Inc. TN, Morgan Stanley, Morgan Stanley, Strs Ohio, Two Sigma Investments LP, First Trust Advisors LP, State Street Corp, and BlackRock Inc.. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern, Dominick Ragone, and Scott D Hoffman. View insider buying and selling activity for Lazard.

LAZ stock was bought by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, Private Capital Advisors Inc., Robeco Institutional Asset Management B.V., Basswood Capital Management L.L.C., Squarepoint Ops LLC, BNP Paribas Arbitrage SA, Russell Investments Group Ltd., and Schroder Investment Management Group. View insider buying and selling activity for Lazard.

Shares of LAZ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LAZ stock can currently be purchased for approximately $27.63.

Lazard has a market capitalization of $2.90 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]