Media stories about Lazard (NYSE:LAZ) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lazard earned a news impact score of 0.22 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 47.5685439937925 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Italy’s DeA Could Net Double-Digit Returns from Restaurant Chain Sale (penews.com)
- Analyzing Lazard (LAZ) & The Competition (americanbankingnews.com)
- Stocks Showing Improved Relative Strength: Lazard (finance.yahoo.com)
- Lazard Ltd. (LAZ) Short Interest Update (americanbankingnews.com)
- Coal’s Trump Bump Is Over – Bloomberg (bloomberg.com)
Several analysts have weighed in on LAZ shares. Buckingham Research raised their price target on Lazard from $53.00 to $54.00 and gave the company a “buy” rating in a report on Friday, October 27th. ValuEngine cut Lazard from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 3rd. BidaskClub cut Lazard from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research cut Lazard from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Nomura raised their price objective on Lazard from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Lazard currently has a consensus rating of “Buy” and an average target price of $48.56.
Shares of Lazard (LAZ) opened at $46.50 on Wednesday. The firm has a market capitalization of $6,188.54, a P/E ratio of 12.58, a PEG ratio of 1.59 and a beta of 1.89. Lazard has a 1 year low of $38.46 and a 1 year high of $48.86. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.09 and a quick ratio of 2.09.
Lazard (NYSE:LAZ) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.10. Lazard had a return on equity of 38.81% and a net margin of 17.16%. The firm had revenue of $624.00 million for the quarter, compared to analyst estimates of $593.19 million. During the same period last year, the company earned $0.85 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. equities research analysts anticipate that Lazard will post 3.52 earnings per share for the current year.
Lazard announced that its board has authorized a stock buyback plan on Wednesday, October 25th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.64 annualized dividend and a dividend yield of 3.53%. Lazard’s dividend payout ratio is presently 46.86%.
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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