Lazard Up 3.9% After Hitting 52-Week High (LAZ)

Shares of New York, New York-based Lazard, Ltd. LAZ are trading up 3.9% at $44.42 per share during the Wednesday afternoon trading session. The day's trading range for shares of Lazard, Ltd has been between $43.71 and a 52-week high of $45.00 per share. Analysts covering the company's stock give it a consensus price target of $44.56 per share. Volume of 1.6 million shares is already nearly triple the daily average volume of 557,000 shares. Lazard, Ltd. (LAZ) announced on Wednesday morning that it beat consensus Wall Street expectations. Lazard, Ltd announced 4th quarter earnings per share of 76 cents, on revenue of $594.89 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 63 cents per share, on revenue of $532.51 million. Lazard, Ltd is one of the world's preeminent financial advisory and asset management firms, providing advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. Read more from Benzinga's Company news.