What Can We Expect Following a Lazard Ltd (NYSE:LAZ) Upgrade By Nomura?

April 23, 2018 - By Louis Casey

Lazard Ltd (NYSE:LAZ) Logo

Investors sentiment decreased to 1 in Q4 2017. Its down 0.12, from 1.12 in 2017Q3. It turned negative, as 19 investors sold Lazard Ltd shares while 101 reduced holdings. 45 funds opened positions while 75 raised stakes. 87.70 million shares or 2.52% less from 89.96 million shares in 2017Q3 were reported.

Oakbrook Investments Ltd Limited Liability Company has invested 0.01% in Lazard Ltd (NYSE:LAZ). S R Schill Assocs holds 0.45% or 13,832 shares. Northern Tru invested in 0.01% or 534,115 shares. Moreover, Shine Inv Advisory Svcs Incorporated has 0.01% invested in Lazard Ltd (NYSE:LAZ). 37,696 were reported by Gofen And Glossberg Ltd Company Il. 123,337 were accumulated by Van Cleef Asset Managementinc. Moreover, Sg Americas Securities Limited Liability Corporation has 0% invested in Lazard Ltd (NYSE:LAZ). Bank Of America Corporation De stated it has 605,914 shares. Mufg Americas Holdg Corporation has invested 0.01% in Lazard Ltd (NYSE:LAZ). Navellier holds 0.4% or 40,509 shares. Legal General Group Public Ltd Co has 61,793 shares. Columbia L L C Invest Management stated it has 5,751 shares. Hillsdale Investment Mngmt Incorporated has 8,970 shares. Webster Bank & Trust N A holds 0.03% or 4,736 shares in its portfolio. First Allied Advisory Inc reported 5,770 shares or 0.01% of all its holdings.

Since March 1, 2018, it had 0 insider buys, and 2 selling transactions for $4.24 million activity. 15,000 Lazard Ltd (NYSE:LAZ) shares with value of $781,950 were sold by Hoffman Scott D.

Lazard Ltd (NYSE:LAZ) Stock Upgrade

Nomura has boosted shares of Lazard Ltd (NYSE:LAZ) to a solid “Buy” in a report published on today.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.12, from 1.12 in 2017Q3. It turned negative, as 19 investors sold Lazard Ltd shares while 101 reduced holdings. 45 funds opened positions while 75 raised stakes. 87.70 million shares or 2.52% less from 89.96 million shares in 2017Q3 were reported.

Oakbrook Investments Ltd Limited Liability Company has invested 0.01% in Lazard Ltd (NYSE:LAZ). S R Schill Assocs holds 0.45% or 13,832 shares. Northern Tru invested in 0.01% or 534,115 shares. Moreover, Shine Inv Advisory Svcs Incorporated has 0.01% invested in Lazard Ltd (NYSE:LAZ). 37,696 were reported by Gofen And Glossberg Ltd Company Il. 123,337 were accumulated by Van Cleef Asset Managementinc. Moreover, Sg Americas Securities Limited Liability Corporation has 0% invested in Lazard Ltd (NYSE:LAZ). Bank Of America Corporation De stated it has 605,914 shares. Mufg Americas Holdg Corporation has invested 0.01% in Lazard Ltd (NYSE:LAZ). Navellier holds 0.4% or 40,509 shares. Legal General Group Public Ltd Co has 61,793 shares. Columbia L L C Invest Management stated it has 5,751 shares. Hillsdale Investment Mngmt Incorporated has 8,970 shares. Webster Bank & Trust N A holds 0.03% or 4,736 shares in its portfolio. First Allied Advisory Inc reported 5,770 shares or 0.01% of all its holdings.

Since March 1, 2018, it had 0 insider buys, and 2 selling transactions for $4.24 million activity. 15,000 Lazard Ltd (NYSE:LAZ) shares with value of $781,950 were sold by Hoffman Scott D.

Lazard Ltd (NYSE:LAZ) Ratings Coverage

Among 8 analysts covering Lazard Ltd (NYSE:LAZ), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Lazard Ltd has $69.0 highest and $46 lowest target. $59.83’s average target is 12.97% above currents $52.96 stock price. Lazard Ltd had 15 analyst reports since October 27, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Thursday, February 1 by Keefe Bruyette & Woods. The firm earned “Market Outperform” rating on Friday, February 2 by JMP Securities. As per Friday, October 27, the company rating was maintained by Buckingham Research. Keefe Bruyette & Woods maintained it with “Buy” rating and $62.0 target in Wednesday, January 10 report. The stock of Lazard Ltd (NYSE:LAZ) has “Buy” rating given on Thursday, January 11 by Sandler O’Neill. The firm has “Buy” rating given on Wednesday, January 3 by Instinet. The firm has “Neutral” rating given on Friday, November 3 by Nomura. The company was upgraded on Tuesday, April 17 by Bank of America. The firm has “Buy” rating given on Friday, February 2 by Nomura.

The stock decreased 0.95% or $0.51 during the last trading session, reaching $52.96. About 388,295 shares traded. Lazard Ltd (NYSE:LAZ) has risen 18.45% since April 23, 2017 and is uptrending. It has outperformed by 6.90% the S&P500.

Analysts await Lazard Ltd (NYSE:LAZ) to report earnings on April, 26 before the open. They expect $1.06 EPS, up 27.71 % or $0.23 from last year’s $0.83 per share. LAZ’s profit will be $137.54M for 12.49 P/E if the $1.06 EPS becomes a reality. After $1.12 actual EPS reported by Lazard Ltd for the previous quarter, Wall Street now forecasts -5.36 % negative EPS growth.

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. The company has market cap of $6.87 billion. The Company’s Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, corporate preparedness, and various other financial matters. It has a 27.73 P/E ratio. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients.

Lazard Ltd (NYSE:LAZ) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: