Positive Press Coverage Somewhat Unlikely to Affect Lazard (LAZ) Share Price
News stories about Lazard (NYSE:LAZ) have been trending positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lazard earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 47.1370416893743 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- RPT-Emerging markets debt is so hot, some investors canGÇÖt get enough (cnbc.com)
- Emerging markets debt is so hot, some investors can’t get enough (reuters.com)
- Lazard Ltd. (LAZ) Sees Significant Drop in Short Interest (americanbankingnews.com)
- Power Shift: How Natural Gas and Renewables Dethroned King Coal (msn.com)
- 6 Reasons to Add Lazard (LAZ) to Your Portfolio Right Now (finance.yahoo.com)
Several equities research analysts recently commented on the stock. Nomura boosted their price objective on shares of Lazard from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Lazard from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research note on Monday, October 23rd. ValuEngine cut shares of Lazard from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 3rd. Buckingham Research lifted their target price on shares of Lazard from $53.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, BidaskClub cut shares of Lazard from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.56.
Shares of Lazard (NYSE:LAZ) traded down $0.07 during trading on Friday, reaching $49.18. 382,810 shares of the company’s stock traded hands, compared to its average volume of 454,460. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market capitalization of $6,390.98, a PE ratio of 12.99, a PEG ratio of 1.64 and a beta of 1.89. Lazard has a twelve month low of $40.22 and a twelve month high of $49.85.
Lazard (NYSE:LAZ) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.10. The business had revenue of $624.00 million during the quarter, compared to analysts’ expectations of $593.19 million. Lazard had a net margin of 17.16% and a return on equity of 38.81%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. research analysts forecast that Lazard will post 3.52 earnings per share for the current fiscal year.
Lazard declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the asset manager to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were issued a $0.41 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.64 annualized dividend and a yield of 3.33%. Lazard’s dividend payout ratio (DPR) is presently 46.86%.
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Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients.
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