Lazard (LAZ) Receiving Somewhat Positive Media Coverage, Analysis Finds

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:

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.

Shares of Lazard (LAZ) traded down $0.25 during mid-day trading on Wednesday, hitting $49.98. The company’s stock had a trading volume of 354,746 shares, compared to its average volume of 811,055. Lazard has a one year low of $40.22 and a one year high of $52.22. The stock has a market cap of $6,584.33, a P/E ratio of 13.39, a P/E/G ratio of 1.69 and a beta of 1.89. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.87.

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%.

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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.

Insider Buying and Selling by Quarter for Lazard (NYSE:LAZ)

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