Lazard Ltd (NYSE:LAZ) has received an average recommendation of “Buy” from the ten research firms that are presently covering the stock, Analyst Ratings Net reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $56.63.

Several equities analysts have recently issued reports on the company. JMP Securities decreased their price objective on Lazard from $60.00 to $58.00 in a report on Wednesday, January 13th. Goldman Sachs cut Lazard from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $56.00 to $48.00 in a report on Tuesday, January 12th. Nomura reissued a “buy” rating and issued a $58.00 price objective (down previously from $59.00) on shares of Lazard in a report on Monday, January 11th. Zacks Investment Research raised Lazard from a “sell” rating to a “hold” rating in a report on Monday, January 4th. Finally, Raymond James raised 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.

Lazard (NYSE:LAZ) traded down 1.3569% during mid-day trading on Monday, hitting $35.6003. The company had a trading volume of 403,123 shares. The company has a 50-day moving average price of $41.81 and a 200 day moving average price of $47.36. The firm has a market capitalization of $4.47 billion and a P/E ratio of 4.7454. Lazard has a 12 month low of $32.02 and a 12 month high of $59.82.

Several institutional investors have recently made changes to their positions in the stock. Fisher Asset Management boosted its position in shares of Lazard by 6.0% in the fourth quarter. Fisher Asset Management now owns 1,549,926 shares of the company’s stock worth $69,762,000 after buying an additional 87,376 shares during the last quarter. Eagle Asset Management boosted its position in shares of Lazard by 172.5% in the third quarter. Eagle Asset Management now owns 135,670 shares of the company’s stock worth $5,874,000 after buying an additional 85,890 shares during the last quarter. Gradient Investments purchased a new position in shares of Lazard during the fourth quarter worth approximately $3,527,000. Janus Capital Management boosted its position in shares of Lazard by 12.7% in the third quarter. Janus Capital Management now owns 336,400 shares of the company’s stock worth $14,566,000 after buying an additional 37,900 shares during the last quarter. Finally, Meristem purchased a new position in shares of Lazard during the fourth quarter worth approximately $678,000.

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

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