Added to YB: 2024-11-06
Pitch date: 2024-09-30
LAZ [bullish]
Lazard, Inc.
+5.9%
current return
Author Info
No bio for this author
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Company Info
Lazard, Inc. operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$4.5B
Pitch Price
$47.90
Price Target
N/A
Dividend
4.17%
EV/EBITDA
N/A
P/E
19.05
EV/Sales
N/A
Sector
Capital Markets
Category
value
Show full summary:
Ariel Investments Appreciation Fund Portfolio Holding: Lazard, Inc.
LAZ: Advisory momentum & improving macro drive solid results. Asset mgmt faces headwinds, but rate cuts may boost demand for active strategies. Aims to double revenue by 2030 via 10%+ annual growth. Trading at discount to private market value est. Long-term growth trajectory intact.
Read full article (1 min)