Loading, Please wait ...

Please contact us if you would like to upgrade your account to include access to financial models

Please contact us if you would like to upgrade your account to include short term strategies for this stock.

LAZ.N

ISIN: BMG540501027
SEDOL: B081VQ7

Rating:

HOLD

Target Price:

35.15 USD

Investment Horizon:

6 to 12 months
23rd Jan 2009 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Given the resurgence in equity market volatility witnessed in recent weeks, which has had a pronounced impact on financial services stocks, coupled with the scale of the unfolding economic downturn, which will likely constrain demand for financial services around the world, including Mergers and Acquisitions advisory, we are broadly revising our outlook for financial stocks. In light of this, we downgrade the Lazard…

12th Dec 2008 View Report   Download

3Q 08 Update Report

CLICK VIEW REPORT TO READ FREE REPORT

Lazard Ltd. (Lazard) reported a y-o-y decline in revenues and a net loss during 3Q 08, short of our and market expectations, reflecting poor market conditions. Meanwhile, Assets Under Management (AUM) also fell y-o-y during 3Q 08, and is expected to remain under pressure going forward…

30th Oct 2008 View Report   Download

3Q 08 News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Lazard Ltd.’s (Lazard) 3Q 08 top-line was below our and market estimates, while operating expenses came in above our forecast. As a result, the company reported a net loss for the quarter. Considering these results, we expect to lower our estimates and target price in our next update report. Therefore, although our present target price implies a BUY, we maintain our HOLD rating....

24th Oct 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

The Lazard Ltd. (Lazard) common stock price has depreciated significantly since our previous update report, reflecting weakness in equity markets and global recessionary concerns. We are now concerned that the company could report significant asset outflows in 3Q 08 and beyond, and temporarily downgrade the common stock from a BUY to a HOLD....

8th Sep 2008 View Report   Download

2Q 08 Update Report

CLICK VIEW REPORT TO READ FREE REPORT

Lazard Ltd. (Lazard) reported healthy y-o-y growth in its 2Q 08 top-line, despite poor market conditions, due to strong growth in Financial Advisory revenues, beating market expectations. However, bottomline was below market expectations, as operating income fell on a y-o-y basis....