Analyst Rating Update on Lazard Ltd. (LAZ)

Lazard Ltd. (LAZ) : The consensus on Lazard Ltd. (LAZ) based on 9 analyst recommendation on the company stock is 1.33, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Lazard Ltd. (LAZ) : Average target price received by Lazard Ltd. (LAZ) is $49 with an expected standard deviation of $5.25. The most aggressive target on the stock is $56, whereas the most downbeat target is $43. 6 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


Lazard Ltd. (NYSE:LAZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.57 and $33.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.25, notching a gain of 1.48% for the day. The total traded volume was 921,401 . The stock had closed at $33.75 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.

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