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GOOGL   107.64 (+4.61%)
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NVDA   221.73 (+5.14%)
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NVDA   221.73 (+5.14%)
NIO   10.92 (-0.09%)
BABA   105.50 (+0.05%)
AMD   85.91 (+2.66%)
T   19.25 (-1.69%)
F   13.45 (+2.36%)
MU   62.13 (+3.58%)
CGC   2.82 (-4.41%)
GE   82.11 (-0.29%)
DIS   111.63 (+1.60%)
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NYSE:LAZ

Lazard - LAZ Stock Forecast, Price & News

$38.75
-0.33 (-0.84%)
(As of 02/7/2023 05:24 PM ET)
Add
Compare
Today's Range
$38.52
$39.31
50-Day Range
$34.05
$41.16
52-Week Range
$30.20
$43.44
Volume
770,864 shs
Average Volume
671,555 shs
Market Capitalization
$4.37 billion
P/E Ratio
11.17
Dividend Yield
4.95%
Price Target
$38.50

Lazard MarketRank™ Forecast

Analyst Rating
Hold
1.83 Rating Score
Upside/​Downside
0.6% Downside
$38.50 Price Target
Short Interest
Healthy
2.50% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
0.37mentions of Lazard in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$1.78 M Sold Last Quarter
Proj. Earnings Growth
29.88%
From $3.38 to $4.39 Per Share

Overall MarketRank

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

2.70 out of 5 stars

Finance Sector

143rd out of 861 stocks

Investment Advice Industry

11th out of 46 stocks

LAZ stock logo

About Lazard (NYSE:LAZ) Stock

Lazard Ltd. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.

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LAZ Stock News Headlines

StockNews.com Downgrades Lazard (NYSE:LAZ) to Hold
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Lazard (LAZ) Misses Q4 Earnings Estimates
Lazard (LAZ) Set to Announce Quarterly Earnings on Thursday
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Lazard Ltd (NYSE:LAZ) Receives $38.50 Average PT from Analysts
Lazard Reports December 2022 Assets Under Management
Lazard Reports November 2022 Assets Under Management
UPDATE 1-Lazard CEO warns of more Wall Street layoffs
Lazard Names Ronald Temple as Chief Market Strategist
See More Headlines
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LAZ Company Calendar

Ex-Dividend for 11/18 Dividend
11/04/2022
Dividend Payable
11/18/2022
Last Earnings
2/02/2023
Today
2/07/2023
Ex-Dividend for 2/24 Dividend
2/10/2023
Dividend Payable
2/24/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

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
$38.50
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
-0.6%
Consensus Rating
Hold
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$357.52 million
Pretax Margin
22.70%

Debt

Sales & Book Value

Annual Sales
$2.86 billion

Miscellaneous

Free Float
108,413,000
Market Cap
$4.37 billion
Optionable
Optionable
Beta
1.40

Social Links


Key Executives

  • Kenneth Marc Jacobs
    Chairman & Chief Executive Officer
  • Mary Ann Betsch
    Chief Financial Officer
  • Scott D. HoffmanScott D. Hoffman
    Chief Administrative Officer & General Counsel
  • Glenn Porritt
    MD & Head-Singapore Investment Banking
  • Peter R. Orszag
    Chief Executive Officer-Financial Advisory













LAZ Stock - Frequently Asked Questions

Should I buy or sell Lazard stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 1 hold rating 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 2023?

6 brokerages have issued 12-month target prices for Lazard's shares. Their LAZ share price forecasts range from $29.00 to $53.00. On average, they anticipate the company's share price to reach $38.50 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts price targets for LAZ
or view top-rated stocks among Wall Street analysts.

How have LAZ shares performed in 2023?

Lazard's stock was trading at $34.67 at the beginning of 2023. Since then, LAZ shares have increased by 11.9% and is now trading at $38.78.
View the best growth stocks for 2023 here
.

Are investors shorting Lazard?

Lazard saw a decrease in short interest in December. As of December 30th, there was short interest totaling 3,030,000 shares, a decrease of 6.2% from the December 15th total of 3,230,000 shares. Based on an average daily volume of 792,600 shares, the short-interest ratio is currently 3.8 days. Approximately 2.8% of the company's shares are short sold.
View Lazard's Short Interest
.

When is Lazard's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our LAZ earnings forecast
.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) announced its quarterly earnings results on Thursday, February, 2nd. The asset manager reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by $0.03. The asset manager had revenue of $731.86 million for the quarter, compared to the consensus estimate of $655.09 million. Lazard had a net margin of 12.52% and a trailing twelve-month return on equity of 46.62%. The business's quarterly revenue was down 27.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 EPS.

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

Lazard declared a quarterly dividend on Wednesday, February 1st. Stockholders of record on Monday, February 13th will be given a dividend of $0.50 per share on Friday, February 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Friday, February 10th.
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 4.95%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LAZ will have a dividend payout ratio of 45.56% 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 many different retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.97%), RWC Asset Management LLP (0.97%), Todd Asset Management LLC (0.43%), Simplex Trading LLC (0.00%), Foundry Partners LLC (0.14%) and State of Alaska Department of Revenue (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 $38.78.

How much money does Lazard make?

Lazard (NYSE:LAZ) has a market capitalization of $4.37 billion and generates $2.86 billion in revenue each year. The asset manager earns $357.52 million in net income (profit) each year or $3.47 on an earnings per share basis.

How many employees does Lazard have?

The company employs 3,179 workers across the globe.

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 2/7/2023 by MarketBeat.com Staff