News articles about Lazard (NYSE:LAZ) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lazard earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 47.0543921536646 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Fate of $700 Billion Power Trade Hinges on Trump Buzzword – Bloomberg (bloomberg.com)
- Alexandra Deignan Joins Lazard as Head of Investor Relations – Business Wire (press release) (businesswire.com)
- Lazard Reaches Analyst Target Price (nasdaq.com)
- CVS to acquire Aetna for $69 billion in year’s largest acquisition (msn.com)
Several research firms have commented on LAZ. Nomura lifted their price target on Lazard from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. ValuEngine raised Lazard from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Lazard from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Monday, October 23rd. BidaskClub lowered Lazard from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Buckingham Research lifted their target price on Lazard from $53.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $48.56.
Lazard (NYSE:LAZ) last announced its earnings results on Thursday, October 26th. The asset manager reported $0.85 earnings per share for the quarter, beating the 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 company had revenue of $624.00 million for the quarter, compared to the consensus estimate of $593.19 million. During the same period last year, the business posted $0.85 EPS. The company’s revenue was up 2.5% on a year-over-year basis. research analysts expect that Lazard will post 3.52 EPS for the current year.
Lazard declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.64 annualized dividend and a dividend yield of 3.28%. Lazard’s dividend payout ratio (DPR) is currently 46.86%.
TRADEMARK VIOLATION NOTICE: “Lazard (LAZ) Receiving Somewhat Positive Media Coverage, Analysis Finds” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://stocknewstimes.com/2017/12/06/lazard-laz-receiving-somewhat-positive-media-coverage-analysis-finds.html.
Lazard Company Profile
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.
Receive News & Ratings for Lazard Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lazard Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.