Lazard Ltd. (NYSE:LAZ) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.5 by 10 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Nomura maintains its rating on Lazard Ltd. (NYSE:LAZ).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Nomura lowers the new price target from $52 per share to $49 per share. The rating by the firm was issued on April 22, 2016.
Lazard Ltd. (NYSE:LAZ): According to 6 Analysts, The short term target price has been estimated at $ 50.67.The target price could deviate by a maximum of $4.93 from the forecast price. In the near term, the target price could hit a high of $56 and a low of $ 43.
Lazard Ltd. (NYSE:LAZ) witnessed a decline in the market cap on Tuesday as its shares dropped 1.83% or 0.62 points. After the session commenced at $33.79, the stock reached the higher end at $34.14 while it hit a low of $33.22. With the volume soaring to 1,039,657 shares, the last trade was called at $33.22. The company has a 52-week high of $59.82. The company has a market cap of $4,311 million and there are 129,766,091 shares in outstanding. The 52-week low of the share price is $29.26.
Shares of Lazard Ltd. appreciated by 4.96% during the last five trading days but lost 2.32% on a 4-week basis. Lazard Ltd. has dropped 15.85% during the last 3-month period . Year-to-Date the stock performance stands at -21.78%.
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.