Lamar Advertising (LAMR) Earns News Sentiment Score of 0.19
News articles about Lamar Advertising (NASDAQ:LAMR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lamar Advertising earned a news impact score of 0.19 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.5170640377501 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Lamar Advertising Company — Moody’s assigns Baa3 rating to Lamar’s senior credit facility and new term loan B; existing senior notes downgraded to Ba2 (finance.yahoo.com)
- A Billboard In Your Portfolio With Lamar (seekingalpha.com)
- Lamar Advertising (LAMR) Price Target Raised to $70.00 at Morgan Stanley (americanbankingnews.com)
- Investors Recap on Lamar Advertising Company (REIT) (LAMR) – Wall Street Morning (wallstreetmorning.com)
- Zacks: Brokerages Expect Lamar Advertising (LAMR) Will Post Quarterly Sales of $396.20 Million (americanbankingnews.com)
A number of research analysts have recently commented on the company. BidaskClub upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Citigroup cut Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 price target for the company. in a research note on Wednesday, December 20th. Zacks Investment Research cut Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine cut Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley increased their price target on Lamar Advertising from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $72.25.
In related news, Director Stephen P. Mumblow sold 4,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $78.33, for a total transaction of $313,320.00. Following the completion of the transaction, the director now directly owns 11,031 shares of the company’s stock, valued at approximately $864,058.23. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.70% of the stock is owned by company insiders.
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.
Receive News & Ratings for Lamar Advertising Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamar Advertising and related companies with MarketBeat.com's FREE daily email newsletter.