Lazard Ltd. (LAZ) : 9 analysts are covering Lazard Ltd. (LAZ) and their average rating on the stock is 1.33, which is read as a Strong Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Lazard Ltd. (LAZ) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Lazard Ltd. (LAZ) : The highest short term price target forecast on Lazard Ltd. (LAZ) is $56 and the lowest target price is $43. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $49.83 with a standard deviation of $5.81.
For the current week, the company shares have a recommendation consensus of Buy.
Lazard Ltd. (NYSE:LAZ): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.60 and $31.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.09, notching a gain of 3.35% for the day. The total traded volume was 1,410,165 . The stock had closed at $31.05 on the previous day.
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. The Companys 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.