Fairly Good Rating Given to Lazard Ltd (NYSE:LAZ) By a Nomura

April 23, 2018 - By Clifton Ray

Lazard Ltd (NYSE:LAZ) Logo

Investors sentiment decreased to 1 in 2017 Q4. 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.

Wells Fargo & Co Mn holds 357,007 shares or 0.01% of its portfolio. Sg Americas Secs reported 9,767 shares. Piedmont Investment Limited Company, North Carolina-based fund reported 8,211 shares. New York State Common Retirement Fund reported 435,307 shares. Edge Wealth Mngmt, New York-based fund reported 200 shares. Stratos Wealth Ptnrs Limited reported 1,442 shares. Asset Management has invested 0.01% in Lazard Ltd (NYSE:LAZ). Georgia-based Crawford Invest Counsel Inc has invested 0.34% in Lazard Ltd (NYSE:LAZ). Gsa Limited Liability Partnership reported 80,624 shares. Smithfield Tru reported 0% of its portfolio in Lazard Ltd (NYSE:LAZ). S R Schill And Associate holds 13,832 shares or 0.45% of its portfolio. Boston Advsr Limited Com holds 19,865 shares or 0.02% of its portfolio. Moreover, Osborne Prtnrs Cap Ltd has 0.64% invested in Lazard Ltd (NYSE:LAZ) for 91,652 shares. Ubs Asset Americas owns 0% invested in Lazard Ltd (NYSE:LAZ) for 47,513 shares. State Board Of Administration Of Florida Retirement System reported 0.02% in Lazard Ltd (NYSE:LAZ).

Since March 1, 2018, it had 0 buys, and 2 selling transactions for $4.24 million activity. Shares for $3.46 million were sold by Stern Alexander F. on Thursday, March 1.

Lazard Ltd (NYSE:LAZ) Stock Upgrade

In a research note sent to clients and investors on 3 January, Nomura announced that they have decided to upgrade Lazard Ltd (NYSE:LAZ) shares to a “Buy”.

Investors sentiment decreased to 1 in 2017 Q4. 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.

Wells Fargo & Co Mn holds 357,007 shares or 0.01% of its portfolio. Sg Americas Secs reported 9,767 shares. Piedmont Investment Limited Company, North Carolina-based fund reported 8,211 shares. New York State Common Retirement Fund reported 435,307 shares. Edge Wealth Mngmt, New York-based fund reported 200 shares. Stratos Wealth Ptnrs Limited reported 1,442 shares. Asset Management has invested 0.01% in Lazard Ltd (NYSE:LAZ). Georgia-based Crawford Invest Counsel Inc has invested 0.34% in Lazard Ltd (NYSE:LAZ). Gsa Limited Liability Partnership reported 80,624 shares. Smithfield Tru reported 0% of its portfolio in Lazard Ltd (NYSE:LAZ). S R Schill And Associate holds 13,832 shares or 0.45% of its portfolio. Boston Advsr Limited Com holds 19,865 shares or 0.02% of its portfolio. Moreover, Osborne Prtnrs Cap Ltd has 0.64% invested in Lazard Ltd (NYSE:LAZ) for 91,652 shares. Ubs Asset Americas owns 0% invested in Lazard Ltd (NYSE:LAZ) for 47,513 shares. State Board Of Administration Of Florida Retirement System reported 0.02% in Lazard Ltd (NYSE:LAZ).

Since March 1, 2018, it had 0 buys, and 2 selling transactions for $4.24 million activity. Shares for $3.46 million were sold by Stern Alexander F. on Thursday, March 1.

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. Sandler O’Neill maintained Lazard Ltd (NYSE:LAZ) on Friday, February 2 with “Buy” rating. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. As per Friday, October 27, the company rating was maintained by Buckingham Research. As per Friday, November 3, the company rating was maintained by Nomura. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, February 1. On Tuesday, April 17 the stock rating was upgraded by Bank of America to “Buy”. Instinet upgraded Lazard Ltd (NYSE:LAZ) on Wednesday, January 3 to “Buy” rating. On Friday, February 2 the stock rating was maintained by JMP Securities with “Market Outperform”. The firm earned “Buy” rating on Thursday, April 12 by Sandler O’Neill. Keefe Bruyette & Woods maintained it with “Buy” rating and $62.0 target in Wednesday, January 10 report.

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 earnings per share, up 27.71 % or $0.23 from last year’s $0.83 per share. LAZ’s profit will be $137.54 million for 12.49 P/E if the $1.06 EPS becomes a reality. After $1.12 actual earnings per share 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.