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NYSE:LAZ

Lazard Stock Forecast, Price & News

$31.85
-0.87 (-2.66 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$31.85
Now: $31.85
$33.05
50-Day Range
$30.50
MA: $32.09
$34.60
52-Week Range
$20.94
Now: $31.85
$44.95
Volume413,344 shs
Average Volume769,540 shs
Market Capitalization$3.35 billion
P/E Ratio13.91
Dividend Yield5.75%
Beta1.76
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients. The company's Asset Management segment offers a range of investment solutions and investment management services in equity and fixed income 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.9Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.35 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
CUSIPG5405010
Phone441-295-1422

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.67 billion
Cash Flow$7.24 per share
Book Value$6.49 per share

Profitability

Net Income$286.50 million

Miscellaneous

Employees3,018
Market Cap$3.35 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$31.85
-0.87 (-2.66 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Lazard (NYSE:LAZ) Frequently Asked Questions

How has Lazard's stock been impacted by COVID-19 (Coronavirus)?

Lazard's stock was trading at $29.62 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LAZ stock has increased by 7.5% and is now trading at $31.85.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Lazard?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Lazard
.

When is Lazard's next earnings date?

Lazard is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Lazard
.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) announced its quarterly earnings results on Friday, July, 31st. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.31. The asset manager earned $572.30 million during the quarter, compared to analysts' expectations of $513.36 million. Lazard had a return on equity of 51.35% and a net margin of 10.43%. Lazard's revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS.
View Lazard's earnings history
.

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

Lazard declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.47 per share on Friday, August 21st. This represents a $1.88 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend is Friday, August 7th.
View Lazard's dividend history
.

What price target have analysts set for LAZ?

9 brokers have issued 12-month price targets for Lazard's stock. Their forecasts range from $24.00 to $48.00. On average, they expect Lazard's stock price to reach $35.00 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price.
View analysts' price targets for Lazard
.

Are investors shorting Lazard?

Lazard saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,910,000 shares, an increase of 17.3% from the August 15th total of 2,480,000 shares. Based on an average daily volume of 602,000 shares, the short-interest ratio is presently 4.8 days. Currently, 2.7% of the shares of the company are sold short.
View Lazard's Short Interest
.

Who are some of Lazard's key competitors?

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), Micron Technology (MU), Walt Disney (DIS), Enterprise Products Partners (EPD), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ) and QUALCOMM (QCOM).

Who are Lazard's key executives?

Lazard's management team includes the following people:
  • Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 61)
  • Mr. Ashish Bhutani, Vice Chairman & MD (Age 59)
  • Mr. Evan L. Russo J.D., Chief Financial Officer (Age 44)
  • Mr. Alexander Franz Stern, Chief Operating Officer & CEO of Financial Advisory (Age 53)
  • Mr. Scott D. Hoffman Esq., Chief Admin. Officer, Gen. Counsel & Sec. (Age 56)

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.34%), FMR LLC (8.97%), LSV Asset Management (2.27%), Epoch Investment Partners Inc. (2.19%), Fisher Asset Management LLC (1.41%) and Charles Schwab Investment Management Inc. (1.32%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone and Scott D Hoffman.
View institutional ownership trends for Lazard
.

Which institutional investors are selling Lazard stock?

LAZ stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., LSV Asset Management, Strs Ohio, Ensign Peak Advisors Inc, Bank of Montreal Can, Russell Investments Group Ltd., Jennison Associates LLC, and Robeco Institutional Asset Management B.V.. 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
.

Which institutional investors are buying Lazard stock?

LAZ stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Charles Schwab Investment Management Inc., Fisher Asset Management LLC, Blue Harbour Group L.P., Goldman Sachs Group Inc., HighTower Advisors LLC, Private Capital Advisors Inc., and Federated Hermes Inc..
View insider buying and selling activity for Lazard
.

How do I buy shares of 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.

What is Lazard's stock price today?

One share of LAZ stock can currently be purchased for approximately $31.85.

How big of a company is Lazard?

Lazard has a market capitalization of $3.35 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.

What is Lazard's official website?

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

How can I contact Lazard?

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]

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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