Lamar Advertising (NASDAQ:LAMR) was upgraded by Wedbush from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, AnalystRatingsNetwork.com reports.
Shares of Lamar Advertising (NASDAQ:LAMR) opened at 48.74 on Thursday. Lamar Advertising has a 1-year low of $37.86 and a 1-year high of $49.61. The stock has a 50-day moving average of $46.73 and a 200-day moving average of $45.32. The company has a market cap of $4.606 billion and a price-to-earnings ratio of 136.53. Lamar Advertising also was the recipient of unusually large options trading activity on Wednesday. Traders acquired 21,218 call options on the company. This is an increase of approximately 462% compared to the average volume of 3,777 call options.
Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Wednesday, November 6th. The company reported $0.19 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.19. The company had revenue of $323.20 million for the quarter, compared to the consensus estimate of $322.00 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Lamar Advertising will post $0.53 EPS for the current fiscal year.
LAMR has been the subject of a number of other recent research reports. Analysts at MKM Partners raised their price target on shares of Lamar Advertising from $47.00 to $51.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at FBR & Co. upgraded shares of Lamar Advertising from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. Finally, analysts at FBR Capital Markets initiated coverage on shares of Lamar Advertising in a research note to investors on Tuesday. They set an “outperform” rating and a $57.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Lamar Advertising presently has an average rating of “Hold” and a consensus price target of $51.08.
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.