On September 26, 2023, Morgan Stanley analyst Ryan Kenny expressed his positive outlook on Lazard (NYSE: LAZ) and adjusted the price target to $42, down from the previous target of $44. This decision was based on Lazard’s investment strategy, which focuses on large cap value equities and aims to generate long-term capital appreciation through a bottom-up, value-oriented approach. Additionally, the company’s debt-to-equity ratio played a role in Kenny’s analysis.
In July 2023, Ryan Kenny had upgraded both Lazard and Jefferies Financial Group (JEF) as he anticipated a potential surge in merger and acquisition (M&A) activities due to decreased volatility. Lazard Asset Management LLC’s Global Balanced investment strategy is designed to invest in a diversified portfolio of high-quality global equity and fixed income securities. Furthermore, Lazard’s Emerging Markets Equity Select ADR – SMA (LAZ-I) strategy is evaluated using the Global Investment Manager Analysis (GIMA) method.
Lazard has gained recognition for its exceptional analyst experience, offering opportunities to work on various M&A deals within smaller teams, allowing for exposure to senior professionals.
Lazard Ltd
LAZ
Strong Buy
Updated on: 26/09/2023
LAZ Stock Performance and Valuation Analysis on September 26, 2023
LAZ stock had a mixed performance on September 26, 2023. The stock opened at $31.41, higher than the previous close of $31.18, but fluctuated between $31.01 and $31.50 throughout the day. The trading volume was relatively low with only 8,732 shares traded, indicating limited investor interest. LAZ’s market capitalization stood at $3.5 billion. The company’s earnings growth in the past year and current year have been negative, with a decline of 24.93% and 72.05% respectively. Looking ahead, LAZ is expected to experience modest earnings growth of 1.44% over the next five years. The company’s valuation metrics suggest that the stock may be undervalued compared to its sales and book value. LAZ’s performance on September 26, 2023, was relatively in line with its industry peers. LAZ is a finance company operating in the investment banks/brokers industry, headquartered in New York, New York. The company does not have any executives listed, and its next reporting date is scheduled for October 26, 2023.
Lazard Ltds Positive Performance and Potential Growth: Analysts Forecasts and Consensus Ratings
LAZ stock had a positive performance on September 26, 2023, according to analysts’ price forecasts and consensus ratings. The 5 analysts offering 12-month price forecasts for Lazard Ltd have a median target of $41.00, with a high estimate of $53.00 and a low estimate of $32.00. The consensus among 8 polled investment analysts is to buy stock in Lazard Ltd.
The current quarter’s earnings per share for Lazard Ltd is $0.34, with sales amounting to $616.3 million. The reporting date for this information is set for October 26.
These positive indicators suggest that investors have confidence in Lazard Ltd’s future performance. The median target price of $41.00 indicates a significant potential for growth, and the consensus buy rating further reinforces this outlook.
Investors should keep an eye on Lazard Ltd’s upcoming earnings report on October 26, as it may provide further insight into the company’s financial health and future prospects. Overall, the current data suggests that LAZ stock has performed well and is expected to continue its positive trajectory in the coming months.
