In a report released today, Devin Ryan from JMP Securities reiterated a Buy rating on Lazard (LAZ – Research Report), with a price target of $50.00. The company’s shares closed yesterday at $28.47.
Ryan covers the Financial sector, focusing on stocks such as Envestnet, LPL Financial, and Goldman Sachs Group. According to TipRanks, Ryan has an average return of 12.2% and a 57.95% success rate on recommended stocks.
Currently, the analyst consensus on Lazard is a Hold with an average price target of $38.75, which is a 36.11% upside from current levels. In a report released on October 12, Morgan Stanley also maintained a Buy rating on the stock with a $41.00 price target.
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The company has a one-year high of $41.52 and a one-year low of $27.30. Currently, Lazard has an average volume of 577.5K.
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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.
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