Lazard Ltd (NYSE:LAZ) a Buy: Credit Suisse

In a research note issued to investors, Ashley Serrao at Credit Suisse Reiterated their Buy rating on Lazard Ltd (NYSE:LAZ). The analyst placed a $59.00 price target on the stock which indicates a 15.69% upside to the last closing price. In the year following Ashley’s ratings, the stocks covered yield an average return of 1.6% according to TipRanks.com. In the past year 7 out of 12 recommendations or 58% were successful.

Lazard Ltd (NYSE:LAZ) shares opened the most recent trading session at 50.93 and at the time of writing the last Bid was at 50.88. In the current trading session the stock reached as high as 51.17 and dipped down to 50.68. Lazard LTD. Lazar, a NYSE listed company, has a current market cap of 6.225B and on average over the past 3 months has seen 802856 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 47.943. Based on a recent trade, this puts the equity at +6.17% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -8.29% away from it’s 52-week high of 55.50 and +18.04% away from the stock’s low point over the past 52 weeks, which was 43.12. On a consensus basis, analysts have a one year target price of 60.20. The company last reported earnings per share of 3.20.

The consensus analyst estimates according to First Call for the next quarter is 0.78. The current year EPS estimate on the stock is 3.52 and the EPS estimate for next year sits at 3.97. In looking at the fundamentals, LAZ has a P/E ratio of 15.93 and a price to book ratio of 8.83. The company’s Book Value is 5.774 and most recently reported EBITDA of 0. The price compared to next year’s EPS estimate in the current year is 12.84.

Company Profile

Lazard Ltd (LAZ) is a holding company. Lazard is a financial advisory and asset management company. The Company operates in two segments: Financial Advisory and Asset Management. The Company’s clients include corporations, governments, institutions, partnerships and individuals. The Company operated from 41 cities in business and financial centers across 26 countries throughout Europe, North America, Asia, Australia, the Middle East and Central and South America. Lazard is a global advisor to corporations, governments, sovereigns, institutions and individual clients. The Company offers 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. Lazard’s asset management business provides investment management and advisory services to institutional clients, financial intermediaries, private clients and investment vehicles.