Lazard LTD. Lazard, LTD. which can be found using ticker (LAZ) now have 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 53 and 29 suggesting an average Analsyt target price of $39.14. Now with the previous closing price of $33.20 this indicates there is a potential upside of 17.9%. There is a 50 day moving average of $37.80 and the 200 day MA is $36.02. The total market capitalization for the company now stands at $2,764m. Company Website: https://www.lazard.com
The potential market cap would be $3,258m 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 6.03% with the ex dividend date set at 10-2-2023 (DMY).
Other points of data to note are a P/E ratio of 9.26, revenue per share of 28.99 and a 6.04% return on assets.
