Lamar Advertising Company (NASDAQ:LAMR) Given Average Rating of “Hold” by Brokerages

Lamar Advertising Company (NASDAQ:LAMR) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $134.20.

A number of brokerages recently issued reports on LAMR. Citigroup upgraded Lamar Advertising from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. Morgan Stanley boosted their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. lowered their price objective on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, August 11th. Finally, Wells Fargo & Company decreased their price target on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th.

Institutional Investors Weigh In On Lamar Advertising

Hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC increased its position in shares of Lamar Advertising by 466.7% during the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 168 shares during the period. 1248 Management LLC bought a new stake in shares of Lamar Advertising during the first quarter valued at about $26,000. Ameritas Advisory Services LLC bought a new stake in shares of Lamar Advertising during the second quarter valued at about $28,000. Golden State Wealth Management LLC bought a new stake in shares of Lamar Advertising during the first quarter valued at about $28,000. Finally, HHM Wealth Advisors LLC increased its position in shares of Lamar Advertising by 26,900.0% during the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 269 shares during the period. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Trading Down 0.2%

Shares of Lamar Advertising stock opened at $122.42 on Friday. Lamar Advertising has a 52-week low of $99.84 and a 52-week high of $139.88. The stock’s 50-day simple moving average is $122.51 and its 200 day simple moving average is $119.14. The stock has a market capitalization of $12.39 billion, a P/E ratio of 28.47 and a beta of 1.36. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The business had revenue of $579.31 million for the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, research analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.

About Lamar Advertising

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.