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NYSE:LAZ

Lazard Stock Forecast, Price & News

$37.29
+0.40 (+1.08 %)
(As of 11/23/2020 12:00 AM ET)
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Compare
Today's Range
$36.84
Now: $37.29
$37.50
50-Day Range
$33.52
MA: $36.03
$37.62
52-Week Range
$20.94
Now: $37.29
$44.95
Volume1.42 million shs
Average Volume735,882 shs
Market Capitalization$3.92 billion
P/E Ratio14.62
Dividend Yield5.10%
Beta1.69
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. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, capital advisory, restructurings, shareholder advisory, sovereign advisory, capital raising, and other strategic advisory 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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Lazard logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.49 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
CUSIPG5405010
Phone441-295-1422
Employees3,018

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.67 billion
Cash Flow$7.97 per share
Book Value$7.41 per share

Profitability

Net Income$286.50 million

Miscellaneous

Market Cap$3.92 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$37.29
+0.40 (+1.08 %)
(As of 11/23/2020 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 Coronavirus (COVID-19)?

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 stock has increased by 25.9% and is now trading at $37.29.
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 2 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Lazard
.

What stocks does MarketBeat like better than Lazard?

Wall Street analysts have given Lazard a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year 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.
View MarketBeat's top stock picks here.

When is Lazard's next earnings date?

Lazard is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Lazard
.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) announced its quarterly earnings results on Tuesday, November, 3rd. The asset manager reported $0.67 EPS for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.20. The asset manager had revenue of $569.05 million for the quarter, compared to analyst estimates of $506.79 million. Lazard had a net margin of 11.62% and a return on equity of 47.79%. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share.
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, October 28th. Investors of record on Monday, November 9th will be paid a dividend of $0.47 per share on Friday, November 20th. This represents a $1.88 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is Friday, November 6th.
View Lazard's dividend history
.

What price target have analysts set for LAZ?

9 analysts have issued 12-month price targets for Lazard's stock. Their forecasts range from $24.00 to $48.00. On average, they anticipate Lazard's stock price to reach $36.44 in the next twelve months. This suggests that the stock has a possible downside of 2.3%.
View analysts' price targets for Lazard
.

Are investors shorting Lazard?

Lazard saw a decline in short interest in October. As of October 30th, there was short interest totaling 1,110,000 shares, a decline of 41.0% from the October 15th total of 1,880,000 shares. Based on an average daily volume of 551,300 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.0% 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), The Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Enterprise Products Partners (EPD), Micron Technology (MU), CVS Health (CVS) 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, Pay $3.09M)
  • Mr. Ashish Bhutani, Vice Chairman & MD
  • Mr. Alexander Franz Stern, Pres (Age 54, Pay $2M)
  • Mr. Evan L. Russo J.D., Chief Financial Officer (Age 45, Pay $1.53M)
  • Mr. Scott D. Hoffman Esq., Chief Admin. Officer, Gen. Counsel & Sec. (Age 57, Pay $1.52M)
  • Mr. Dominick J. Ragone III, Chief Accounting Officer (Age 58)
  • Mr. Pierre Tattevin, Managing Director (Age 63)
  • Ms. Alexandra M. Deignan, Head of Investor Relations
  • Ms. Judi Frost Mackey, Managing Director of Global Communications
  • Ms. Alexandra Soto, COO of Financial Advisory & Group Exec. of Human Capital and Workplace Innovation (Age 52)

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 Southeastern Asset Management Inc. TN (6.70%), JPMorgan Chase & Co. (3.41%), BlackRock Inc. (3.05%), Epoch Investment Partners Inc. (2.11%), Charles Schwab Investment Management Inc. (1.75%) and Fisher Asset Management LLC (1.33%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone and Scott D Hoffman.
View institutional ownership trends for Lazard
.

Which major investors are selling Lazard stock?

LAZ stock was sold by a variety of institutional investors in the last quarter, including Pinnacle Associates Ltd., JPMorgan Chase & Co., Lathrop Investment Management Corp, Squarepoint Ops LLC, BlackRock Inc., North Star Investment Management Corp., Fisher Asset Management LLC, and Epoch Investment Partners Inc.. 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
.

Which major investors are buying Lazard stock?

LAZ stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Charles Schwab Investment Management Inc., Arrowstreet Capital Limited Partnership, Jennison Associates LLC, Foundry Partners LLC, Todd Asset Management LLC, Natixis, and Schonfeld Strategic Advisors LLC.
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 $37.29.

How big of a company is Lazard?

Lazard has a market capitalization of $3.92 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 11/23/2020 by MarketBeat.com Staff

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