KBW analyst Michael Brown maintained a Buy rating on Lazard (LAZ – Research Report) yesterday and set a price target of $51.00. The company’s shares closed yesterday at $41.07.
According to TipRanks, Brown is a 5-star analyst with an average return of 15.8% and a 63.41% success rate. Brown covers the Financial sector, focusing on stocks such as KKR & Co, WisdomTree, and P10 Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lazard with a $42.60 average price target.
See Insiders’ Hot Stocks on TipRanks >>
LAZ market cap is currently $3.41B and has a P/E ratio of -33.46.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on LAZ:
- LAZ Upcoming Earnings Report: What to Expect?
- Lazard resumed with an Outperform at Keefe Bruyette
- Tellurian exploring possible sale with help of adviser, Bloomberg reports
- Tellurian hires Lazard to explore potential sale, Bloomberg reports
- Lazard reports preliminary AUM $246.7B as of December 31, 2023
