Lamar Advertising Co. (LAMR) Receives Consensus Recommendation of “Hold” from Brokerages
Lamar Advertising Co. (NASDAQ:LAMR) has been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the stock. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $65.14.
LAMR has been the topic of several research analyst reports. Gabelli lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research note on Thursday, July 21st. Zacks Investment Research lowered shares of Lamar Advertising from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. Finally, Loop Capital initiated coverage on shares of Lamar Advertising in a research note on Monday, September 12th. They set a “buy” rating on the stock.
Shares of Lamar Advertising (NASDAQ:LAMR) opened at 59.30 on Wednesday. Lamar Advertising has a 1-year low of $49.73 and a 1-year high of $69.35. The stock’s 50 day moving average is $0.00 and its 200 day moving average is $0.00.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.02. Lamar Advertising had a net margin of 20.06% and a return on equity of 28.50%. The company had revenue of $387.50 million for the quarter, compared to analyst estimates of $386.68 million. During the same period in the prior year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts anticipate that Lamar Advertising will post $3.07 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Creative Planning increased its stake in shares of Lamar Advertising by 1.0% in the third quarter. Creative Planning now owns 2,097 shares of the company’s stock valued at $137,000 after buying an additional 20 shares in the last quarter. I.G. Investment Management LTD. purchased a new stake in shares of Lamar Advertising during the second quarter valued at approximately $175,000. CIBC Asset Management Inc purchased a new stake in shares of Lamar Advertising during the second quarter valued at approximately $200,000. Zacks Investment Management purchased a new stake in shares of Lamar Advertising during the second quarter valued at approximately $206,000. Finally, BB&T Securities LLC purchased a new stake in shares of Lamar Advertising during the third quarter valued at approximately $214,000. Institutional investors own 80.03% 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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