A statement released today by Zacks Investment Research about Lazard Ltd (NYSE:LAZ) raises the target price to $40.00
- Updated: October 8, 2016
Zacks Investment Research bumped up the stock price target of Lazard Ltd (NYSE:LAZ) to $40.00 indicating a possible upside of 0.11%.
Yesterday Lazard Ltd (NYSE:LAZ) traded -0.61% lower at $36.17. Lazard Ltd’s 50-day moving average is $36.51 and its 200-day moving average is $35.05. The last stock price is up 1.76% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was down over the average, with 270,555 shares of LAZ changing hands under the typical 769,602
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Lazard Ltd has P/E ratio of 6.75 with a 52 week low of $26.21 and a 52 week high of $49.57 and has a market capitalization of $0.
Also covering Lazard Ltd's price target, a total of 8 firms have issued a report on the stock. The consensus stock price target is $48.13 with 3 equity analysts rating the company a strong buy, 5 firms rating the stock a buy, three analysts rating the company a hold, 0 brokerages rating the stock a underperform, and finally zero brokerages rating the stock a sell.
Brief Synopsis About Lazard Ltd (NYSE:LAZ)
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. Its 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. It operates from approximately 40 cities in key business and financial centers over 25 countries.
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