Lazard Ltd (LAZ) is Resumed by Credit Suisse to Outperform

Lazard Ltd (LAZ) was Resumed by Credit Suisse to “Outperform”. Credit Suisse advised their investors in a research report released on Nov 21, 2016.

On the company’s financial health, Lazard Ltd reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.76. The company had revenue of $611.00 million for the quarter, compared to analysts expectations of $596.82 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.

Lazard Ltd closed down -0.18 points or -0.45% at $39.88 with 8,18,221 shares getting traded on Monday. Post opening the session at $39.98, the shares hit an intraday low of $39.86 and an intraday high of $40.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 11, 2016, Scott D Hoffman (General Counsel) sold 42,000 shares at $34.92 per share price. According to the SEC, on Aug 4, 2016, Jane L Mendillo (director) purchased 1,400 shares at $35.22 per share price. On Mar 4, 2015, Alexander F. Stern (Chief Operating Officer) sold 63,000 shares at $50.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Lazard Ltd

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