News articles about Lazard (NYSE:LAZ) have trended positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lazard earned a news sentiment score of 0.45 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 79 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Should Value Investors Pick Lazard (LAZ) Stock Right Now? – Nasdaq (nasdaq.com)
- Signal Update on Shares of Lazard Ltd (LAZ) – Wall Street Review (thewallstreetreview.com)
- Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources (businessinsider.com)
- Lazard : Global Total Return and Income Fund Declares Monthly Distribution (4-traders.com)
Several research firms have weighed in on LAZ. BidaskClub raised Lazard from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised Lazard from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, June 7th. Credit Suisse Group reissued a “buy” rating and set a $50.00 price target on shares of Lazard in a report on Friday, April 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $51.00 target price on shares of Lazard in a report on Tuesday, May 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Lazard presently has an average rating of “Buy” and a consensus target price of $46.89.
Shares of Lazard (LAZ) traded up 0.81% during midday trading on Friday, hitting $47.40. The stock had a trading volume of 394,576 shares. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 14.67 and a beta of 1.84. Lazard has a 1-year low of $32.53 and a 1-year high of $47.62. The firm’s 50-day moving average price is $45.92 and its 200-day moving average price is $44.24.
Lazard (NYSE:LAZ) last announced its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. Lazard had a return on equity of 36.15% and a net margin of 17.06%. The company had revenue of $624.43 million for the quarter, compared to the consensus estimate of $611.43 million. During the same quarter in the previous year, the business earned $0.50 EPS. Lazard’s revenue was up 23.4% compared to the same quarter last year. Analysts forecast that Lazard will post $3.39 earnings per share for the current year.
In other news, General Counsel Scott D. Hoffman sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $45.13, for a total value of $1,579,550.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matthieu Bucaille sold 90,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $44.81, for a total value of $4,032,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 190,000 shares of company stock worth $8,521,200 in the last quarter. Company insiders own 2.50% of the company’s stock.
Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe 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 to corporate, partnership, institutional, government, sovereign and individual clients.
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