Lamar Advertising Co (NASDAQ:LAMR) has received an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $80.67.
Several analysts recently issued reports on LAMR shares. Imperial Capital reduced their price target on shares of Lamar Advertising from $89.00 to $86.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. They noted that the move was a valuation call. BidaskClub downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Finally, ValuEngine downgraded shares of Lamar Advertising from a “hold” rating to a “sell” rating in a report on Friday.
NASDAQ LAMR traded up $0.98 during mid-day trading on Monday, hitting $82.59. The company’s stock had a trading volume of 10,284 shares, compared to its average volume of 348,078. The company’s 50 day simple moving average is $81.55 and its 200 day simple moving average is $80.16. Lamar Advertising has a twelve month low of $64.51 and a twelve month high of $84.71. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 14.99 and a beta of 0.95.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.08). Lamar Advertising had a net margin of 21.23% and a return on equity of 32.39%. The business had revenue of $457.80 million during the quarter, compared to analyst estimates of $452.91 million. During the same period in the previous year, the business posted $0.95 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts forecast that Lamar Advertising will post 5.69 EPS for the current year.
In other Lamar Advertising news, Director Stephen P. Mumblow sold 3,500 shares of Lamar Advertising stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $79.81, for a total transaction of $279,335.00. Following the transaction, the director now directly owns 5,580 shares of the company’s stock, valued at approximately $445,339.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.19% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Miracle Mile Advisors LLC boosted its holdings in Lamar Advertising by 1.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 15,181 shares of the real estate investment trust’s stock worth $1,244,000 after acquiring an additional 259 shares during the last quarter. Insight Wealth Strategies LLC purchased a new position in Lamar Advertising during the 3rd quarter worth $287,000. AE Wealth Management LLC boosted its holdings in Lamar Advertising by 14.2% during the 3rd quarter. AE Wealth Management LLC now owns 24,156 shares of the real estate investment trust’s stock worth $1,979,000 after acquiring an additional 2,998 shares during the last quarter. ERTS Wealth Advisors LLC purchased a new position in Lamar Advertising during the 3rd quarter worth $409,000. Finally, BBVA USA Bancshares Inc. boosted its holdings in Lamar Advertising by 123.5% during the 3rd quarter. BBVA USA Bancshares Inc. now owns 9,974 shares of the real estate investment trust’s stock worth $817,000 after acquiring an additional 5,511 shares during the last quarter. 79.79% of the stock is currently owned by hedge funds and other institutional investors.
About Lamar Advertising
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.
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