Keefe, Bruyette & Woods Raise Numbers on Lazard Ltd (LAZ)
On Tuesday, analysts at Keefe, Bruyette & Woods increased the price target and earning estimates on financial advisory and asset management firm Lazard Ltd (LAZ) after its strong fourth-quarter revenue beat.
The analysts maintain a “Market Perform” rating on LAZ and now see shares reaching $37. This new target suggests a slight upside to Monday’s closing price of $36.50.
Lazard shares were up slightly during morning trading on Tuesday. The stock is up about +35% over the past year.
The Bottom Line
Shares of Lazard (LAZ) have a dividend yield of 2.19% based on last night’s closing price of $36.50 and the company’s annualized dividend payout of 80 cents per share.
Lazard Ltd (LAZ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability