Is Lazard Ltd (NYSE:LAZ) Now Worth Your Time and Dime After a Recent Nomura Upgrade?

April 23, 2018 - By Henry Gaston

Lazard Ltd (NYSE:LAZ) Logo

Investors sentiment decreased to 1 in Q4 2017. Its down 0.12, from 1.12 in 2017Q3. It fall, 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.

Switzerland-based Gam Holding Ag has invested 0.02% in Lazard Ltd (NYSE:LAZ). The Wisconsin-based State Of Wisconsin Inv Board has invested 0% in Lazard Ltd (NYSE:LAZ). Greystone Managed Invs has invested 0.11% in Lazard Ltd (NYSE:LAZ). Cullen Frost Bankers reported 0.01% of its portfolio in Lazard Ltd (NYSE:LAZ). Fj Limited Liability holds 0.04% or 5,500 shares in its portfolio. Natl Bank Of America De holds 605,914 shares or 0.01% of its portfolio. Sequoia Ltd Liability Company has invested 0.53% of its portfolio in Lazard Ltd (NYSE:LAZ). Moreover, Palisade Mgmt Ltd Liability Corporation Nj has 0.16% invested in Lazard Ltd (NYSE:LAZ). Ubs Asset Mgmt Americas Inc owns 47,513 shares. Regions Fin Corp holds 0% or 5,479 shares. Cambiar Lc invested in 0.01% or 10,535 shares. Carnegie Capital Asset Management Lc owns 0.14% invested in Lazard Ltd (NYSE:LAZ) for 28,026 shares. Stratos Wealth Prtnrs Ltd invested in 1,442 shares or 0% of the stock. Geode Capital Mngmt Llc holds 0.02% or 1.13 million shares in its portfolio. First Advsrs Limited Partnership holds 480,936 shares.

Since March 1, 2018, it had 0 insider purchases, and 2 sales for $4.24 million activity. Hoffman Scott D also sold $781,950 worth of Lazard Ltd (NYSE:LAZ) shares.

Lazard Ltd (NYSE:LAZ) Stock Upgrade

Nomura raised shares of Lazard Ltd (NYSE:LAZ), raising their rating to a Buy in analysts report issued to investors and clients on 3 January. Trading on the $6.87 billion market cap LAZ will be interesting to observe today.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.12, from 1.12 in 2017Q3. It fall, 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.

Switzerland-based Gam Holding Ag has invested 0.02% in Lazard Ltd (NYSE:LAZ). The Wisconsin-based State Of Wisconsin Inv Board has invested 0% in Lazard Ltd (NYSE:LAZ). Greystone Managed Invs has invested 0.11% in Lazard Ltd (NYSE:LAZ). Cullen Frost Bankers reported 0.01% of its portfolio in Lazard Ltd (NYSE:LAZ). Fj Limited Liability holds 0.04% or 5,500 shares in its portfolio. Natl Bank Of America De holds 605,914 shares or 0.01% of its portfolio. Sequoia Ltd Liability Company has invested 0.53% of its portfolio in Lazard Ltd (NYSE:LAZ). Moreover, Palisade Mgmt Ltd Liability Corporation Nj has 0.16% invested in Lazard Ltd (NYSE:LAZ). Ubs Asset Mgmt Americas Inc owns 47,513 shares. Regions Fin Corp holds 0% or 5,479 shares. Cambiar Lc invested in 0.01% or 10,535 shares. Carnegie Capital Asset Management Lc owns 0.14% invested in Lazard Ltd (NYSE:LAZ) for 28,026 shares. Stratos Wealth Prtnrs Ltd invested in 1,442 shares or 0% of the stock. Geode Capital Mngmt Llc holds 0.02% or 1.13 million shares in its portfolio. First Advsrs Limited Partnership holds 480,936 shares.

Since March 1, 2018, it had 0 insider purchases, and 2 sales for $4.24 million activity. Hoffman Scott D also sold $781,950 worth of Lazard Ltd (NYSE:LAZ) shares.

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. The firm has “Buy” rating by Sandler O’Neill given on Thursday, January 11. Buckingham Research downgraded the shares of LAZ in report on Thursday, December 21 to “Neutral” rating. The stock of Lazard Ltd (NYSE:LAZ) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, February 1. Nomura upgraded Lazard Ltd (NYSE:LAZ) rating on Wednesday, January 3. Nomura has “Buy” rating and $62.0 target. JMP Securities maintained it with “Market Outperform” rating and $65 target in Friday, February 2 report. The firm has “Neutral” rating given on Friday, November 3 by Nomura. The rating was upgraded by Bank of America on Tuesday, April 17 to “Buy”. The rating was maintained by Keefe Bruyette & Woods on Wednesday, January 10 with “Buy”. The stock has “Buy” rating by Buckingham Research on Friday, October 27. The firm has “Buy” rating by Sandler O’Neill given on Thursday, April 12.

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

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