Lazard Inc (LAZ) Stock AnalysisLAZLazard Inc

Lazard, Inc. is a financial advisory and asset management company, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Its segments include Financial Advisory and Asset Management. Financial Advisory segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of advisory services including mergers and acquisitions advisory, capital markets advisory, shareholder advisory, sovereign advisory, geopolitical advisory, restructuring and liability management, capital raising and placement, and other strategic matters. Asset Management segment offers a range of global investment solutions and investment and wealth management services in equity and fixed income strategies, asset allocation strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private wealth clients. It operates in the Financials sector (INVESTMENT ADVICE industry).

Lazard Inc (LAZ) is currently priced at $36.75, which is below the average analyst target of $39, indicating potential for some upside. However, the recent earnings report showed a significant decline in net income, dropping 91% to $5 million, which raises concerns about profitability. Additionally, the forward P/E ratio is 10.395, suggesting the stock may be undervalued, but the overall negative sentiment from analysts, with multiple downgrades, suggests caution. The main risk is the 91% drop in net income due to elevated tax rates, which could impact future earnings.

10 analysts cover LAZ: 7 rate it Buy, 3 Hold and 0 Sell. The average price target is 54.50.