Lazard (LAZ) Getting Positive Press Coverage, Report Finds
Media headlines about Lazard (NYSE:LAZ) have been trending positive on Friday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lazard earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 47.9721926805588 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Billionaire Lao Is Said to Weigh Options for Casino Firm Cirsa (bloombergquint.com)
- Cirsa Gaming weighs IPO, minority stake sale options (calvinayre.com)
- Lazard Sees Unusually Large Options Volume (LAZ) (americanbankingnews.com)
- Qatar’s Ooredoo Is Said to Plan Rival Bid for Turk Telekom Owner (bloombergquint.com)
- Billionaire Lao Is Exploring Options for Casino Firm Cirsa (bloomberg.com)
Lazard (NYSE:LAZ) traded down $0.09 on Friday, reaching $47.54. 142,270 shares of the company traded hands, compared to its average volume of 818,363. The company has a market cap of $6,180.76, a PE ratio of 12.57, a P/E/G ratio of 1.59 and a beta of 1.89. Lazard has a 1-year low of $38.46 and a 1-year high of $48.86. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.87.
Lazard (NYSE:LAZ) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.85 EPS for the quarter, beating the consensus estimate of $0.75 by $0.10. The business had revenue of $624.00 million for the quarter, compared to analysts’ expectations of $593.19 million. Lazard had a net margin of 17.16% and a return on equity of 38.81%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. equities research analysts predict that Lazard will post 3.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were given a $0.41 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.64 annualized dividend and a yield of 3.45%. Lazard’s dividend payout ratio is currently 46.86%.
Lazard announced that its board has approved a stock repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
A number of equities analysts have issued reports on the stock. Nomura raised their price objective on shares of Lazard from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Lazard from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub raised shares of Lazard from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. ValuEngine raised shares of Lazard from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Finally, Buckingham Research lifted their price target on shares of Lazard from $53.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $48.56.
Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients.
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