Added to YB: 2024-06-11
Pitch date: 2024-03-31
LAZ [bullish]
Lazard, Inc.
+30.45%
current return
Author Info
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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
$38.89
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 Small Cap Value Strategy Portfolio Holding: Lazard, Inc.
LAZ: Financial advisory & asset mgr beat on Q4 earnings. M&A pipeline improving but geopolitical uncertainty a headwind. Targets 2x firm rev by 2030 via double-digit annual growth. Cost savings showing early progress. Trades at discount to our private market value estimate.
Read full article (1 min)