Lazard Ltd (LAZ) was Reiterated by UBS to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 43 from a previous price target of $42 . UBS advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Lazard Ltd. Shares were Reiterated by UBS on Feb 3, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $59 .Shares were Reiterated by Argus on Feb 3, 2016 to “Buy” and Lowered the Price Target to $ 45 from a previous price target of $56 .
On the company’s financial health, Lazard Ltd reported $0.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.65. The company had revenue of $506.00 million for the quarter, compared to analysts expectations of $552.31 million. The company’s revenue was down -12.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.
Lazard Ltd closed down -0.81 points or -2.05% at $38.75 with 18,72,623 shares getting traded on Wednesday. Post opening the session at $38.49, the shares hit an intraday low of $37.9 and an intraday high of $39.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 4, 2015, Alexander F. Stern (Chief Operating Officer) sold 63,000 shares at $50.80 per share price.
Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates in two business segments: Financial Advisory and Asset Management. The Financial Advisory business segment offers corporate partnership institutional government sovereign and individual clients 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. The Company’s Asset Management business segment offers a range of investment solutions and investment management services in equity and fixed income strategies alternative investments and private equity funds to corporations public funds sovereign entities endowments and foundations labor funds financial intermediaries and private clients.