Lazard (LAZ) AI Stock Analysis

• Market Cap: $4.71B
• Dividend Yield: 4.04%
• Average Volume (3M): 847.22K
• Price to Earnings (P/E): 19.7
• Beta (1Y): 1.50
• Revenue Growth: 1.58%
• EPS Growth: 1.93%
• Country: US
• Employees: 3,253
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.56
• Shares Outstanding: 94,877,815
• 10 Day Avg. Volume: 995,753
• 30 Day Avg. Volume: 847,215
• PEG Ratio: -0.04
• Price to Book (P/B): 7.54
• Price to Sales (P/S): 1.55
• P/FCF Ratio: 6.88
• Enterprise Value/Market Cap: 1.45
• Enterprise Value/Revenue: 2.22
• Enterprise Value/Gross Profit: 6.48
• Enterprise Value/Ebitda: 18.94
• 1Y Price Target: $55.50
• Price Target Upside: 12.01% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): 2.53
• Revenue Forecast (FY): $3.04B

• Rating: 64 Neutral
• Price Target: $52.00 ▲(4.94% Upside)

Lazard's overall stock score is driven by strong earnings call results and reasonable valuation metrics. However, financial performance is hindered by high leverage and declining revenue growth, while technical indicators suggest bearish momentum. The attractive dividend yield and strategic expansions provide a positive outlook.

Positive Factors

Revenue Growth

Lazard's strong revenue growth in Financial Advisory highlights its robust market position and ability to capitalize on strategic transactions, indicating a positive long-term trend in its core business.

Asset Management Performance

Positive net flows and increased AUM in Asset Management suggest effective investment strategies and client retention, supporting sustained growth in this segment.

Debt Reduction

Significant debt reduction enhances Lazard's financial stability, providing greater flexibility for strategic investments and resilience against economic fluctuations.

Negative Factors

Low Equity Ratio

A low equity ratio indicates potential vulnerability in financial structure, which could limit Lazard's ability to absorb shocks and invest in growth opportunities.

Cash Flow Decline

Decreasing free cash flow growth may constrain Lazard's ability to fund operations and investments, impacting its long-term financial health and strategic initiatives.

High Effective Tax Rate

A significantly higher tax rate reduces net income and could impact Lazard's profitability, affecting its ability to reinvest in business growth and shareholder returns.

Lazard Business Overview & Revenue Model

Company Description

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. The company was founded in 1848 and is based in Hamilton, Bermuda.

How the Company Makes Money

Lazard generates revenue primarily through its Financial Advisory and Asset Management services. The Financial Advisory segment earns fees based on advisory services provided in connection with mergers and acquisitions, restructurings, and other financial transactions. These fees can be contingent on the completion of transactions, which can lead to significant revenue during peak market activity. In contrast, the Asset Management segment earns management and performance fees from its investment products. Management fees are typically a percentage of assets under management (AUM), while performance fees are based on the investment returns of certain funds exceeding predefined benchmarks. Additionally, Lazard has strategic partnerships and relationships with various financial institutions and corporations, further enhancing its advisory capabilities and expanding its client base, which contributes to its overall earnings.

Lazard Financial Statement Overview

Summary

Lazard shows operational efficiency with stable profit margins but faces challenges with declining revenue growth and high leverage. The income statement reflects a decline in revenue growth, while the balance sheet shows a high debt-to-equity ratio. Cash flow analysis indicates moderate cash generation relative to net income.

Income Statement

Lazard's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate by 32.4%, reflecting potential challenges in market conditions. However, the company maintains a reasonable gross profit margin of 34.2% and a net profit margin of 8.9%, suggesting operational efficiency. The EBIT and EBITDA margins have decreased compared to previous years, indicating pressure on profitability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 2.61, which is a concern for financial stability. The return on equity stands at 38.7%, showing effective use of equity to generate profits. However, the equity ratio is relatively low, indicating a higher reliance on debt financing.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth by 15.2% in the TTM period, which could impact future investments. The operating cash flow to net income ratio is 0.56, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is strong at 0.97, suggesting efficient cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.07B	3.09B	2.55B	2.83B	3.27B	2.64B
Gross Profit	1.05B	1.08B	605.13M	1.17B	1.37B	1.09B
EBITDA	359.50M	511.27M	40.90M	640.77M	842.99M	619.66M
Net Income	273.28M	279.91M	-75.48M	357.52M	528.06M	402.46M
Balance Sheet
Total Assets	4.63B	4.79B	4.64B	5.85B	7.15B	5.97B
Cash, Cash Equivalents and Short-Term Investments	1.39B	1.58B	1.19B	2.01B	2.81B	2.52B
Total Debt	2.20B	2.19B	2.18B	2.20B	2.24B	2.29B
Total Liabilities	3.68B	4.03B	4.07B	4.59B	5.49B	4.97B
Stockholders Equity	841.52M	636.24M	423.76M	556.46M	975.22M	911.77M
Cash Flow
Free Cash Flow	467.61M	697.33M	136.37M	784.47M	826.38M	511.64M
Operating Cash Flow	482.48M	742.83M	164.66M	833.98M	866.08M	575.93M
Investing Cash Flow	-29.69M	134.07M	-38.32M	-56.44M	-39.06M	-62.94M
Financing Cash Flow	-562.83M	-439.67M	-1.57B	-1.38B	195.84M	-547.35M

Lazard Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 49.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAZ, the sentiment is Positive. The current price of 49.55 is above the 20-day moving average (MA) of 48.77, below the 50-day MA of 51.82, and above the 200-day MA of 47.57, indicating a neutral trend. The MACD of -0.67 indicates Negative momentum. The RSI at 49.46 is Neutral, neither overbought nor oversold. The STOCH value of 52.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LAZ.

Lazard Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FUTU	80 Outperform	$26.13B	25.50	26.43%	―	66.97%	86.46%
PIPR	71 Outperform	$5.77B	24.59	19.30%	1.77%	12.77%	36.43%
MC	71 Outperform	$5.00B	20.80	51.98%	3.82%	51.19%	456.59%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
LAZ	64 Neutral	$4.71B	19.70	36.41%	4.04%	1.58%	1.93%
PJT	61 Neutral	$5.82B	25.74	―	0.61%	23.16%	64.04%
SNEX	58 Neutral	$4.17B	14.67	16.01%	―	53.19%	23.89%

Lazard Corporate Events

Lazard Ltd. Reports Strong Third Quarter Performance

Lazard Ltd., a prominent financial advisory and asset management firm, operates globally, providing expertise in mergers and acquisitions, capital markets, and investment solutions.

Lazard Ltd. Reports Record Revenues Amid Growth

Lazard Ltd. recently held its earnings call, revealing a generally positive sentiment driven by strong financial performance in its financial advisory and asset management segments. The company reported record revenues and positive net inflows, although there were some concerns about the potential impact of a U.S. government shutdown on deal timings and challenges with sub-advised funds. Overall, the positive aspects of the earnings call notably outweighed the negatives.

Lazard Updates Vision and Growth Strategy 2030

On September 10, 2025, Lazard, Inc. announced an update to its vision and long-term growth strategy for Lazard 2030. This strategic update is expected to impact the company’s operations and industry positioning, potentially influencing its stakeholders.

The most recent analyst rating on (LAZ) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.

Lazard Announces Leadership Change in Asset Management

Lazard, Inc. announced that Evan L. Russo will transition from his role as CEO of Lazard’s asset management business to become a Senior Advisor effective December 2025, with his advisory role continuing until June 2026. Christopher Hogbin, with extensive experience from AllianceBernstein, will succeed Russo as CEO, marking a strategic inflection point for Lazard’s Asset Management business as it aims to accelerate its long-term growth strategy and enhance client services.

The most recent analyst rating on (LAZ) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.

Lazard Appoints Dmitry Shevelenko to Board of Directors

On September 2, 2025, Lazard announced the appointment of Dmitry Shevelenko, Chief Business Officer of Perplexity, to its Board of Directors. This strategic move is aimed at enhancing Lazard’s tech-enabled vision by leveraging Shevelenko’s expertise in artificial intelligence, aligning with the company’s commitment to integrating AI-driven insights with its intellectual capital. This appointment is expected to strengthen Lazard’s strategic position and governance as the company navigates the evolving technological landscape.

The most recent analyst rating on (LAZ) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.

Lazard Completes Tender Offer for Senior Notes

On August 4, 2025, Lazard, Inc. announced the completion of a cash tender offer by its subsidiary Lazard Group LLC for its outstanding 3.625% Senior Notes due March 1, 2027. The offer, which expired on August 1, 2025, resulted in $202,944,000 worth of notes being tendered and accepted for purchase, with payment expected on August 4, 2025. This move is part of Lazard’s strategic financial management, potentially impacting its debt structure and financial stability.

The most recent analyst rating on (LAZ) stock is a Hold with a $52.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.

Lazard Completes $300M Senior Notes Offering

On August 1, 2025, Lazard Group LLC, a subsidiary of Lazard, Inc., completed a public offering of $300 million in 5.625% Senior Notes due 2035. The proceeds from this offering are intended to repurchase outstanding 3.625% Senior Notes due 2027, cover related fees, and support general corporate purposes. This strategic financial move is expected to optimize Lazard Group’s debt structure and potentially enhance its market positioning.

The most recent analyst rating on (LAZ) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.