Lazard Ltd (NYSE:LAZ) is set to issue its quarterly earnings data before the market opens on Tuesday, February 2nd. Analysts expect the company to announce earnings of $0.88 per share for the quarter.

An institutional investor recently bought a new position in Lazard stock. Simplex Trading bought a new position in shares of Lazard Ltd (NYSE:LAZ) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 13,348 shares of the company’s stock, valued at approximately $600,000.

Shares of Lazard Ltd (NYSE:LAZ) traded up 4.44% on Friday, hitting $35.99. 821,115 shares of the stock traded hands. The stock has a market cap of $4.52 billion and a price-to-earnings ratio of 4.80. Lazard Ltd has a 52 week low of $32.02 and a 52 week high of $59.82. The stock has a 50 day moving average price of $40.27 and a 200-day moving average price of $46.68.

LAZ has been the subject of a number of analyst reports. Nomura reiterated a “buy” rating and set a $58.00 price objective (down from $59.00) on shares of Lazard in a report on Monday, January 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Lazard from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. Raymond James upgraded shares of Lazard from an “outperform” rating to a “strong-buy” rating and set a $60.00 price objective for the company in a report on Wednesday, November 18th. Susquehanna upgraded shares of Lazard from a “neutral” rating to a “positive” rating and cut their price target for the stock from $58.00 to $53.00 in a report on Monday, October 5th. Finally, Sandler O’Neill upgraded shares of Lazard from a “hold” rating to a “buy” rating in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $56.63.

Lazard Ltd (NYSE:LAZ) is a financial advisory and asset management company. The Company operates in two business segments: Financial Advisory and Asset Management. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients 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. The Company’s Asset Management business segment offers a range of investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients.

12 Month Chart for NYSE:LAZ

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