KBW analyst Michael Brown maintained a Buy rating on Lazard (LAZ – Research Report) yesterday and set a price target of $49.00. The company’s shares closed yesterday at $38.89.
According to TipRanks, Brown is a 5-star analyst with an average return of 15.6% and a 62.14% success rate. Brown covers the Financial sector, focusing on stocks such as Lazard, Franklin Resources, and Apollo Global Management.
Lazard has an analyst consensus of Moderate Buy, with a price target consensus of $47.50, implying a 22.14% upside from current levels. In a report released yesterday, JMP Securities also reiterated a Buy rating on the stock with a $52.00 price target.
LAZ market cap is currently $3.46B and has a P/E ratio of -41.53.
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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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