Lamar Advertising (NASDAQ:LAMR) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Several other analysts have also commented on the stock. Citigroup lowered shares of Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 price target on the stock. in a research report on Wednesday, December 20th. BidaskClub upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, Zacks Investment Research lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $71.75.
Shares of Lamar Advertising (LAMR) opened at $71.50 on Friday. The company has a market cap of $6,050.00, a price-to-earnings ratio of 22.63, a P/E/G ratio of 4.65 and a beta of 1.15. 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 52-week low of $62.45 and a 52-week high of $79.17.
In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $78.33, for a total transaction of $313,320.00. Following the transaction, the director now directly owns 11,031 shares of the company’s stock, valued at $864,058.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 14.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA purchased a new position in Lamar Advertising during the third quarter valued at $164,000. Argent Trust Co purchased a new position in Lamar Advertising during the third quarter valued at $207,000. TradeLink Capital LLC purchased a new position in Lamar Advertising during the fourth quarter valued at $208,000. Alpha Cubed Investments LLC purchased a new position in Lamar Advertising during the third quarter valued at $211,000. Finally, HL Financial Services LLC purchased a new position in Lamar Advertising during the fourth quarter valued at $212,000. 84.45% of the stock is currently owned by institutional investors and hedge funds.
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About Lamar Advertising
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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