Lazard Ltd. (LAZ) : The consensus on Lazard Ltd. (LAZ) based on 9 analyst recommendation on the company stock is 1.33, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Lazard Ltd. (LAZ) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $56 and the lowest price target forecast is $43. The average forecast of all the analysts is $49 and the expected standard deviation is $5.25.
For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Nomura maintains its outlook on Lazard Ltd. (NYSE:LAZ). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $46 per share to $49 per share. The rating by the firm was issued on July 29, 2016.
Lazard Ltd. (NYSE:LAZ): The stock opened at $36.71 and touched an intraday high of $37.43 on Wednesday. During the day, the stock corrected to an intraday low of $36.65, however, the bulls stepped in and pushed the price higher to close in the green at $37.38 with a gain of 1.77% for the day. The total traded volume for the day was 483,183. The stock had closed at $36.73 in the previous trading session.
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 Companys 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.