Headlines about Lazard (NYSE:LAZ) have been trending positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lazard earned a news impact score of 0.36 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 46.8467001774271 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s rankings:
A number of brokerages have commented on LAZ. Sandler O’Neill restated a “buy” rating and issued a $64.00 target price on shares of Lazard in a research note on Thursday, January 11th. Nomura boosted their target price on Lazard from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Lazard from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Monday, February 5th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $67.00 target price on shares of Lazard in a research note on Thursday, February 1st. Finally, JMP Securities boosted their target price on Lazard from $63.00 to $65.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Lazard has a consensus rating of “Buy” and an average price target of $61.00.
Shares of NYSE:LAZ traded down $0.88 on Friday, reaching $52.30. The company had a trading volume of 711,074 shares, compared to its average volume of 985,509. Lazard has a twelve month low of $40.50 and a twelve month high of $60.00. The stock has a market capitalization of $6,747.84, a P/E ratio of 13.84, a P/E/G ratio of 1.23 and a beta of 1.85. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.91 and a quick ratio of 1.91.
Lazard (NYSE:LAZ) last announced its quarterly earnings results on Thursday, February 1st. The asset manager reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.20. Lazard had a return on equity of 38.93% and a net margin of 9.40%. The company had revenue of $683.00 million during the quarter, compared to analysts’ expectations of $658.86 million. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year. research analysts expect that Lazard will post 3.99 EPS for the current fiscal year.
In other Lazard news, COO Alexander F. Stern sold 15,160 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $53.47, for a total value of $810,605.20. Following the completion of the sale, the chief operating officer now owns 276,886 shares of the company’s stock, valued at $14,805,094.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Alexander F. Stern sold 65,160 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $53.12, for a total value of $3,461,299.20. Following the completion of the sale, the chief operating officer now directly owns 276,886 shares of the company’s stock, valued at approximately $14,708,184.32. The disclosure for this sale can be found here. Insiders sold 95,320 shares of company stock valued at $5,053,854 in the last ninety days. Insiders own 2.76% of the company’s stock.
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Lazard Company Profile
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters.
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