News articles about Lazard (NYSE:LAZ) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lazard earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 45.8530172496868 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Sandler O’Neill Reiterates “Buy” Rating for Lazard (LAZ) (americanbankingnews.com)
- Mnuchin’s Treasury Is Tested by China’s Bond Policy Signals (investing.com)
- This is how coal dies — super cheap renewables plus battery storage (thinkprogress.org)
- Brokerage stocks still have room to run: analyst (investmentnews.com)
- Wall St Week Ahead-US fund managers expect value stocks to jump in 2018 – Reuters UK (uk.reuters.com)
Lazard (LAZ) traded up $0.71 during mid-day trading on Thursday, hitting $57.27. The stock had a trading volume of 550,000 shares, compared to its average volume of 600,823. The company has a market capitalization of $7,430.00, a P/E ratio of 16.00, a P/E/G ratio of 1.86 and a beta of 1.89. Lazard has a 12 month low of $40.22 and a 12 month high of $57.58. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.87.
Lazard (NYSE:LAZ) last released its earnings results on Thursday, October 26th. The asset manager reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The company had revenue of $624.00 million during the quarter, compared to the consensus estimate of $593.19 million. Lazard had a return on equity of 38.81% and a net margin of 17.16%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. analysts predict that Lazard will post 3.58 EPS for the current year.
Lazard announced that its board has authorized a share repurchase program on Wednesday, October 25th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the asset manager to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
LAZ has been the topic of several recent analyst reports. ValuEngine lowered Lazard from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 3rd. 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 note on Monday, October 23rd. Buckingham Research boosted their price target on Lazard from $53.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Nomura boosted their price objective on Lazard from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, Instinet raised Lazard from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $53.80.
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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.
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