NYSE:LAZLazard Stock Price, Forecast & 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. Since then, LAZ stock has decreased by 2.7% and is now trading at $28.83. View which stocks have been most impacted by Coronavirus.

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.

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) issued its earnings results on Thursday, April, 30th. The asset manager reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.62 by $0.04. The asset manager had revenue of $563 million for the quarter, compared to the consensus estimate of $585.73 million. Lazard had a return on equity of 52.29% and a net margin of 9.89%. The company's revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. View Lazard's earnings history.

Lazard announced a quarterly dividend on Wednesday, April 29th. Shareholders 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 yield of 6.52%. The ex-dividend date of this dividend is Friday, May 8th. View Lazard's dividend history.

9 brokers 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 stock price to reach $34.63 in the next twelve months. This suggests a possible upside of 20.1% from the stock's current price. View analysts' price targets for Lazard.

Media headlines about LAZ stock have trended negative this week, InfoTrie reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Lazard earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Lazard.

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."

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 $28.83.

Lazard has a market capitalization of $3.03 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]