KBW analyst Michael Brown assigned a Buy rating to Lazard (LAZ – Research Report) on May 10 and set a price target of $49.00. The company’s shares closed last Friday at $38.68.
Brown covers the Financial sector, focusing on stocks such as Franklin Resources, Lazard, and BlackRock. According to TipRanks, Brown has an average return of 16.4% and a 64.76% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lazard with a $48.00 average price target, which is a 24.10% upside from current levels. In a report released on April 26, JMP Securities also reiterated a Buy rating on the stock with a $52.00 price target.
The company has a one-year high of $41.70 and a one-year low of $25.16. Currently, Lazard has an average volume of 1.01M.
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Lazard (LAZ) Company Description:
Lazard Ltd. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.
