Lazard Ltd (NYSE: LAZ) was the recipient of a ratings changes during the seven days:

  • Lazard Ltd was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating.
  • Lazard Ltd is now covered by analysts at UBS AG. They set a “sell” rating and a $25.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • Lazard Ltd was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $33.00 price target on the stock.
  • Lazard Ltd was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $33.00 price target on the stock.
  • Lazard Ltd was downgraded by analysts at Lazard Capital from an “outperform” rating to a “market perform” rating.

Lazard Ltd traded down 2.70% on Friday, hitting $28.07. Lazard Ltd has a 52-week low of $21.64 and a 52-week high of $31.23. The company has a market cap of $3.262 billion and a price-to-earnings ratio of 32.49.

Lazard Ltd (Lazard) is holding company. Lazard is a financial advisory and asset management company. It operates in two segments: Financial Advisory, which offers a range of financial advisory services regarding mergers and acquisitions and other strategic matters and various other financial matters, and Asset Management, which includes strategies for the management of equity and fixed income securities and alternative investment and private equity funds, as well as wealth management.