Shares of Lazard Ltd (NYSE:LAZ) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $48.40.

Several analysts recently issued reports on the company. Bank of America downgraded Lazard from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research note on Thursday. Zacks Investment Research upgraded Lazard from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. TheStreet upgraded Lazard from a “c” rating to a “b-” rating in a research note on Wednesday, February 6th. ValuEngine downgraded Lazard from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 5th. Finally, Wolfe Research downgraded Lazard from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 8th.

Shares of NYSE LAZ traded down $0.62 during midday trading on Wednesday, hitting $38.02. 45,008 shares of the company’s stock were exchanged, compared to its average volume of 1,141,777. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 1.48. Lazard has a 12 month low of $33.54 and a 12 month high of $56.30. The company has a market capitalization of $5.00 billion, a P/E ratio of 9.15, a P/E/G ratio of 2.51 and a beta of 1.59.

Lazard (NYSE:LAZ) last issued its earnings results on Tuesday, February 5th. The asset manager reported $0.94 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.94. The company had revenue of $685.00 million during the quarter, compared to the consensus estimate of $673.35 million. Lazard had a return on equity of 50.62% and a net margin of 18.27%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. Analysts predict that Lazard will post 3.57 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Hudson Capital Management LLC lifted its position in shares of Lazard by 23.3% during the 4th quarter. Hudson Capital Management LLC now owns 29,410 shares of the asset manager’s stock valued at $1,086,000 after acquiring an additional 5,559 shares during the period. Cerebellum GP LLC lifted its position in shares of Lazard by 80.5% during the 4th quarter. Cerebellum GP LLC now owns 7,109 shares of the asset manager’s stock valued at $262,000 after acquiring an additional 3,170 shares during the period. Vanguard Group Inc. lifted its position in shares of Lazard by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 10,982,773 shares of the asset manager’s stock valued at $528,601,000 after acquiring an additional 114,709 shares during the period. Greystone Managed Investments Inc. lifted its position in shares of Lazard by 37.0% during the 4th quarter. Greystone Managed Investments Inc. now owns 80,126 shares of the asset manager’s stock valued at $2,957,000 after acquiring an additional 21,635 shares during the period. Finally, Putnam Investments LLC lifted its position in shares of Lazard by 34.7% during the 3rd quarter. Putnam Investments LLC now owns 7,627 shares of the asset manager’s stock valued at $367,000 after acquiring an additional 1,963 shares during the period. Hedge funds and other institutional investors own 68.71% of the company’s stock.

About Lazard

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters.

Featured Story: Why is total return important?

Analyst Recommendations for Lazard (NYSE:LAZ)

Receive News & Ratings for Lazard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lazard and related companies with MarketBeat.com's FREE daily email newsletter.