Lamar Advertising (NASDAQ:LAMR) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Several other research analysts have also recently weighed in on LAMR. MKM Partners lowered their target price on Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. ValuEngine upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Citigroup restated a “neutral” rating and set a $66.00 target price (down from $69.00) on shares of Lamar Advertising in a report on Friday, August 11th. Finally, Morgan Stanley lowered their target price on Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Monday, September 18th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.00.
Lamar Advertising (NASDAQ LAMR) traded up $0.53 during mid-day trading on Thursday, reaching $76.58. The company had a trading volume of 289,870 shares, compared to its average volume of 596,644. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23. Lamar Advertising has a 12 month low of $62.45 and a 12 month high of $79.09. The firm has a market cap of $7,521.11, a PE ratio of 15.31, a price-to-earnings-growth ratio of 5.27 and a beta of 1.16.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Westpac Banking Corp purchased a new stake in Lamar Advertising in the second quarter valued at approximately $176,000. San Francisco Sentry Investment Group CA purchased a new stake in Lamar Advertising in the third quarter valued at approximately $164,000. Penserra Capital Management LLC raised its position in Lamar Advertising by 9.5% in the second quarter. Penserra Capital Management LLC now owns 2,478 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 214 shares during the period. Verity Asset Management Inc. purchased a new stake in Lamar Advertising in the second quarter valued at approximately $204,000. Finally, Argent Trust Co purchased a new stake in Lamar Advertising in the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 84.42% of the company’s stock.
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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