Shares of Lazard Ltd (NYSE:LAZ) have received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $57.43.

LAZ has been the subject of several research reports. Wolfe Research initiated coverage on shares of Lazard in a report on Tuesday, September 25th. They set a “market perform” rating for the company. Zacks Investment Research downgraded shares of Lazard from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine downgraded shares of Lazard from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Buckingham Research lowered their price target on shares of Lazard from $64.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, October 26th. Finally, Goldman Sachs Group started coverage on shares of Lazard in a report on Tuesday, November 6th. They issued a “neutral” rating and a $46.00 price target for the company.

Shares of LAZ traded down $1.23 during midday trading on Thursday, hitting $35.90. 22,838 shares of the company traded hands, compared to its average volume of 846,636. Lazard has a 52 week low of $36.51 and a 52 week high of $60.00. The company has a market capitalization of $4.82 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.06 and a beta of 1.85. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.28.

Lazard (NYSE:LAZ) last released its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.86 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.07). Lazard had a net margin of 11.49% and a return on equity of 49.98%. The company had revenue of $605.61 million for the quarter. As a group, sell-side analysts expect that Lazard will post 4.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, November 5th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Friday, November 2nd. Lazard’s payout ratio is 46.56%.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Lazard by 1.1% in the third quarter. Vanguard Group Inc. now owns 10,982,773 shares of the asset manager’s stock worth $528,601,000 after purchasing an additional 114,709 shares during the last quarter. BlackRock Inc. lifted its stake in Lazard by 1.5% in the second quarter. BlackRock Inc. now owns 4,788,988 shares of the asset manager’s stock worth $234,229,000 after purchasing an additional 71,463 shares during the last quarter. LSV Asset Management lifted its stake in Lazard by 4.7% in the second quarter. LSV Asset Management now owns 4,073,240 shares of the asset manager’s stock worth $199,222,000 after purchasing an additional 182,346 shares during the last quarter. FMR LLC lifted its stake in Lazard by 1.5% in the second quarter. FMR LLC now owns 3,049,877 shares of the asset manager’s stock worth $149,169,000 after purchasing an additional 44,224 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Lazard by 22.0% in the third quarter. Morgan Stanley now owns 2,909,856 shares of the asset manager’s stock worth $140,051,000 after purchasing an additional 524,953 shares during the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

Lazard Company Profile

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.

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Analyst Recommendations for Lazard (NYSE:LAZ)

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