Lazard LTD. Lazard, LTD. with ticker code (LAZ) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 53 and 29 and has a mean target at $39.14. Given that the stocks previous close was at $34.51 this would indicate that there is a potential upside of 13.4%. The 50 day moving average now sits at $37.56 and the 200 moving average now moves to $35.97. The market capitalization for the company is $2,871m. You can visit the company’s website by visiting: https://www.lazard.com
The potential market cap would be $3,256m based on the market consensus.
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard Ltd was founded in 1848 and is based in Hamilton, Bermuda.
The company has a dividend yield of 5.98% with the ex dividend date set at 10-2-2023 (DMY).
Other points of data to note are a P/E ratio of 9.54, revenue per share of 28.99 and a 6.04% return on assets.
