Lamar Advertising Company (NASDAQ:LAMR) had its price target lowered by research analysts at Morgan Stanley from $75.00 to $68.00 in a note issued to investors on Monday. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s target price would indicate a potential upside of 6.35% from the stock’s current price.

A number of other research firms have also recently issued reports on LAMR. ValuEngine upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded Lamar Advertising from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Wells Fargo & Company lowered Lamar Advertising from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 26th. BidaskClub lowered Lamar Advertising from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, Loop Capital reissued a “buy” rating and issued a $87.00 target price on shares of Lamar Advertising in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $72.50.

Shares of Lamar Advertising (NASDAQ:LAMR) traded down 1.06% during trading on Monday, hitting $63.26. The stock had a trading volume of 65,428 shares. The company has a market capitalization of $6.20 billion, a PE ratio of 20.75 and a beta of 1.11. The firm has a 50-day moving average price of $65.90 and a 200 day moving average price of $71.09. Lamar Advertising has a 52 week low of $58.68 and a 52 week high of $79.09.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.37). Lamar Advertising had a return on equity of 28.21% and a net margin of 19.75%. The firm had revenue of $397.10 million during the quarter, compared to analysts’ expectations of $399.09 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. Lamar Advertising’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Lamar Advertising will post $3.11 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in LAMR. Russell Investments Group Ltd. lifted its stake in shares of Lamar Advertising by 9.8% in the 1st quarter. Russell Investments Group Ltd. now owns 37,892 shares of the real estate investment trust’s stock valued at $2,833,000 after acquiring an additional 3,367 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Lamar Advertising by 4.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 48,822 shares of the real estate investment trust’s stock valued at $3,648,000 after acquiring an additional 1,933 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Lamar Advertising by 22.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,050 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 551 shares during the last quarter. Swiss National Bank lifted its stake in shares of Lamar Advertising by 0.4% in the 1st quarter. Swiss National Bank now owns 136,838 shares of the real estate investment trust’s stock valued at $10,227,000 after acquiring an additional 600 shares during the last quarter. Finally, World Asset Management Inc lifted its stake in shares of Lamar Advertising by 16.1% in the 1st quarter. World Asset Management Inc now owns 5,841 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 812 shares during the last quarter. 85.05% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Lamar Advertising (NASDAQ:LAMR)

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