Lazard Rises On Unusually High Volume (LAZ)

NEW YORK ( TheStreet) -- Lazard (NYSE: LAZ) is trading at unusually high volume Thursday with 3.2 million shares changing hands. It is currently at four times its average daily volume and trading up 83 cents (+3%) at $28.72 as of 12:50 p.m. ET.

Lazard has a market cap of $3.41 billion and is part of the financial sector and financial services industry. Shares are up 6.8% year to date as of the close of trading on Wednesday.

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm. The company has a P/E ratio of 20.9, above the average financial services industry P/E ratio of 12.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lazard as a hold. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally poor debt management. You can view the full Lazard Ratings Report.

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