Shares of Lamar Advertising Company (NASDAQ:LAMR) have received an average recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $73.00.
LAMR has been the subject of a number of research reports. Morgan Stanley decreased their price objective on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Monday, September 18th. ValuEngine downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Wells Fargo & Company downgraded shares of Lamar Advertising from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $66.00 price objective (down previously from $69.00) on shares of Lamar Advertising in a report on Friday, August 11th. Finally, BidaskClub downgraded shares of Lamar Advertising from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.
A number of hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in Lamar Advertising by 2.2% in the third quarter. Janus Henderson Group PLC now owns 8,306,313 shares of the real estate investment trust’s stock valued at $569,232,000 after buying an additional 177,729 shares during the last quarter. BlackRock Inc. lifted its stake in Lamar Advertising by 7.5% in the second quarter. BlackRock Inc. now owns 7,606,970 shares of the real estate investment trust’s stock valued at $559,646,000 after buying an additional 528,392 shares during the last quarter. Vanguard Group Inc. lifted its stake in Lamar Advertising by 2.1% in the second quarter. Vanguard Group Inc. now owns 6,742,042 shares of the real estate investment trust’s stock valued at $496,013,000 after buying an additional 139,256 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Lamar Advertising by 1.2% in the third quarter. Cohen & Steers Inc. now owns 2,955,566 shares of the real estate investment trust’s stock valued at $202,545,000 after buying an additional 36,294 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Lamar Advertising by 8.0% in the third quarter. Victory Capital Management Inc. now owns 2,596,148 shares of the real estate investment trust’s stock valued at $177,914,000 after buying an additional 192,925 shares during the last quarter. Institutional investors own 85.52% of the company’s stock.
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Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34). The business had revenue of $399.30 million during the quarter, compared to analyst estimates of $392.10 million. Lamar Advertising had a return on equity of 29.03% and a net margin of 20.33%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. research analysts forecast that Lamar Advertising will post 4.83 EPS for the current fiscal year.
Lamar Advertising Company Profile
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
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