Headlines about Lazard (NYSE:LAZ) have trended positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public 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 0.26 on Accern’s scale. Accern also gave media coverage about the asset manager an impact score of 47.7483072643569 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Lazard Asset Management Has Upped By $612156 Its Itau Unibanco H (ITUB) Holding; Highway Holdings Limited … (mtastar.com)
- 30 in 30: Allen Lazard (wivb.com)
- Lazard Ltd (LAZ): Stock in Featured List: (stockquote.review)
- Allen Lazard could give Dallas good red-zone scoring option (conchovalleyhomepage.com)
- NFL Draft: ESPN’s Mel Kiper Jr. sees rising draft stock for Joel Lanning, praises WR Allen Lazard (diehards.com)
LAZ has been the subject of several analyst reports. Zacks Investment Research cut shares of Lazard from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. ValuEngine lowered shares of Lazard from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. TheStreet lowered shares of Lazard from an “a-” rating to a “c+” rating in a report on Friday, February 2nd. Sandler O’Neill reissued a “buy” rating and issued a $64.00 price target on shares of Lazard in a report on Thursday, January 11th. Finally, Bank of America raised shares of Lazard from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, April 17th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $60.00.
Lazard (NYSE:LAZ) last issued its quarterly earnings results on Thursday, February 1st. The asset manager reported $1.12 EPS for the quarter, topping the consensus estimate of $0.92 by $0.20. The company had revenue of $683.00 million during the quarter, compared to analyst estimates of $658.86 million. Lazard had a net margin of 9.40% and a return on equity of 38.93%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. equities analysts predict that Lazard will post 4.08 EPS for the current fiscal year.
In other news, COO Alexander F. Stern sold 65,160 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $53.12, for a total transaction of $3,461,299.20. Following the completion of the sale, the chief operating officer now owns 276,886 shares of the company’s stock, valued at $14,708,184.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott D. Hoffman sold 15,000 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $52.13, for a total transaction of $781,950.00. Following the sale, the chief accounting officer now directly owns 147,341 shares of the company’s stock, valued at approximately $7,680,886.33. The disclosure for this sale can be found here. In the last three months, insiders sold 95,320 shares of company stock valued at $5,053,854. 2.76% of the stock is owned by insiders.
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About Lazard
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters.
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