Lazard, Inc. operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services. This segment offers its services to corporate, partnership, institutional, government, sovereign, and individual clients to various industry areas, including consumers and retail; financial institutions; financial sponsors; healthcare and life sciences; industrials; media, entertainment, and sports; power, energy, and infrastructure; real estate; technology; and telecom and digital infrastructure. The Asset Management segment offers a range of investment solutions; 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. Lazard, Inc. was incorporated in 1848 and is headquartered in New York, New York.
Future Outlook | Analysts project a price target range of $55-$63, with potential for improved profitability as market conditions normalize and strategic initiatives bear fruit |
Market Position | Learn how Lazard maintains its competitive edge in global M&A, with announced volume up 129% over 2024, despite challenges in MD hiring |
Strategic Expansion | Delve into Lazard's 2030 vision, including partnerships in Europe, Middle East presence, and focus on high-growth sectors like AI and biotech |
Global Resilience | Explore Lazard's adaptability in volatile markets, leveraging its diversified business model to navigate economic uncertainties and shifting client demands |
Metrics to compare | LAZ | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipLAZPeersSector | |
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P/E Ratio | 13.8x | 39.5x | 9.1x | |
PEG Ratio | 0.01 | 0.18 | 0.03 | |
Price / Book | 6.8x | 4.6x | 1.0x | |
Price / LTM Sales | 1.4x | 4.4x | 2.7x | |
Upside (Analyst Target) | −1.5% | 6.7% | 14.2% | |
Fair Value Upside | Unlock | −11.2% | 3.0% | Unlock |