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Lazard, Inc. (LAZ)

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58.18 +5.00 (+9.40%)
As of 11:17 AM EST. Market Open.
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DELL
  • Previous Close 53.18
  • Open 55.55
  • Bid 57.91 x 800
  • Ask 58.08 x 800
  • Day's Range 55.55 - 59.74
  • 52 Week Range 25.82 - 59.74
  • Volume 986,531
  • Avg. Volume 625,935
  • Market Cap (intraday) 5.264B
  • Beta (5Y Monthly) 1.38
  • PE Ratio (TTM) 22.55
  • EPS (TTM) 2.58
  • Earnings Date Jan 30, 2025 - Feb 3, 2025
  • Forward Dividend & Yield 2.00 (3.76%)
  • Ex-Dividend Date Nov 8, 2024
  • 1y Target Est 58.38

Lazard, Inc., together with its subsidiaries, operates as a financial advisory and asset management firm in North and South America, Europe, the Middle East, Asia, and Australia. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical advisory, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services. This segment offers its services to corporate, partnership, institutional, government, sovereign, and individual clients to various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, real estate, technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions; investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard, Inc. was incorporated in 1848 and is headquartered in New York, New York.

www.lazard.com

3,249

Full Time Employees

December 31

Fiscal Year Ends

Recent News: LAZ

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Performance Overview: LAZ

Trailing total returns as of 11/6/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

LAZ
73.49%
S&P 500
23.57%

1-Year Return

LAZ
110.00%
S&P 500
35.24%

3-Year Return

LAZ
41.52%
S&P 500
25.48%

5-Year Return

LAZ
95.17%
S&P 500
91.71%

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Statistics: LAZ

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Valuation Measures

Annual
As of 11/5/2024
  • Market Cap

    4.81B

  • Enterprise Value

    5.71B

  • Trailing P/E

    20.61

  • Forward P/E

    13.19

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    1.70

  • Price/Book (mrq)

    7.71

  • Enterprise Value/Revenue

    1.85

  • Enterprise Value/EBITDA

    12.01

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    8.44%

  • Return on Assets (ttm)

    6.14%

  • Return on Equity (ttm)

    44.23%

  • Revenue (ttm)

    3.05B

  • Net Income Avi to Common (ttm)

    250.91M

  • Diluted EPS (ttm)

    2.58

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.17B

  • Total Debt/Equity (mrq)

    386.20%

  • Levered Free Cash Flow (ttm)

    --

Research Analysis: LAZ

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 790.73M
Earnings 107.94M
Q4'23
Q1'24
Q2'24
Q3'24
0
200M
400M
600M
800M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

51.00 Low
58.38 Average
58.18 Current
65.00 High
 

Company Insights: LAZ

Research Reports: LAZ

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  • Raising target to $64 as a rebound in financial advisory continues

    Lazard Ltd., one of the world's leading financial advisory and asset management firms, provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments, and individuals.

    Rating
    Price Target
     
  • Stocks are solidly higher Friday morning, led by good earnings from various

    Stocks are solidly higher Friday morning, led by good earnings from various companies (with Amazon and Intel leading the charge) as well as a jobs report that is being broadly interpreted as meaning that Fed will indeed cut interest rates further next week. Traders may finally be starting to look ahead, positioning themselves for a world in which the name of the next U.S. president will be known, the economy will remain on solid footing, interest rates will continue to head lower, and inflation will finally hit the magic 2% level.

     
  • Lazard Earnings: Relatively Strong Results; Potentially Lower Compensation Ratio a Surprise

    Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.

    Rating
    Price Target
     
  • Argus Quick Note: Weekly Stock List for 10/07/2024: Investing in High-Yield Stocks

    Value stocks -- a market segment that includes high-yield stocks - is the place to achieve income. The recent yield on the iShares Russell 1000 Value Index ETF was 1.8%, compared to the 0.4% current yield on the iShares Russell 1000 Growth Index ETF. Growth stocks have a history of outperforming value stocks, but value has had its day. Value outperformed growth stocks in 2022. That's a recent rarity, as for more than a decade, the performance record favored growth. Since 2010, the Russell 1000 Growth Index has climbed more than 575%, compared to an advance of almost 200% for the Russell 1000 Value Index. In 10 of the past 13 years, growth stocks have topped value stocks. That hasn't always been the case. In the 2000-2010 decade, including the Great Recession, value stocks were better performers than growth stocks, advancing an admittedly low 8% (but still better than growth, which declined 15% during the decade). Value investors trace their roots to the famous "Security Analysis" textbook, written by Ben Graham, an economics professor at Columbia University. Warren Buffett was one of his students. Why the recent deviation in performance? Several reasons, including changes in the make-up of the economy, growth in intangible assets, and the current level of interest rates. The tide turned back in 2022, at least for a while, as the rollout of COVID-19 vaccines gave a lift to some of the cyclical companies (energy and regional banks) that had lagged in recent years. For our list this week, we have screened our coverage universe for stocks that are BUY-rated by Argus Research analysts, have an Argus Financial Strength Rating of at least Medium, and have a yield of 3.0% or higher. These stocks are also featured in our High-Yield Theme Model Portfolio.

     

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