LAZ Stock Summary and Trading Ideas (Lazard | NYSE:LAZ)

Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.

Lazard trades on the NYSE stock market under the symbol LAZ.

As of April 19, 2024, LAZ stock price climbed to $37.91 with 787,307 million shares trading.

LAZ has a beta of 1.20, meaning it tends to be more sensitive to market movements. LAZ has a correlation of 0.17 to the broad based SPY ETF.

LAZ has a market cap of $3.31 billion. This is considered a Mid Cap stock.

Last quarter Lazard reported $761 million in Revenue and $.66 earnings per share. This beat revenue expectation by $84 million and exceeded earnings estimates by $.25.

In the last 3 years, LAZ stock traded as high as $53.00 and as low as $25.82.

The top ETF exchange traded funds that LAZ belongs to (by Net Assets): VTI, VB, DVY, VBR, VXF.

LAZ has underperformed the market in the last year with a price return of +15.5% while the SPY ETF gained +21.2%. LAZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.8% and -5.6%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

LAZ support price is $37.16 and resistance is $38.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LAZ stock will trade within this expected range on the day.