Lamar Advertising (NASDAQ:LAMR) had its price target cut by Imperial Capital from $89.00 to $86.00 in a research report issued on Wednesday, MarketBeat reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Imperial Capital’s price objective would suggest a potential upside of 9.04% from the company’s current price. Imperial Capital also issued estimates for Lamar Advertising’s Q4 2019 earnings at $1.55 EPS, Q1 2020 earnings at $1.06 EPS, Q2 2020 earnings at $1.64 EPS and Q4 2020 earnings at $1.67 EPS. The analysts noted that the move was a valuation call.

Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded Lamar Advertising from a “hold” rating to a “sell” rating in a report on Saturday, September 7th. ValuEngine downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $80.75.

Shares of LAMR stock traded down $0.87 during trading hours on Wednesday, hitting $78.87. The stock had a trading volume of 7,679 shares, compared to its average volume of 298,964. The firm has a market capitalization of $7.73 billion, a PE ratio of 14.32 and a beta of 0.96. Lamar Advertising has a twelve month low of $64.51 and a twelve month high of $84.50. The stock’s 50 day moving average is $77.53 and its 200 day moving average is $79.52. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.50 and a quick ratio of 0.50.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.42). The firm had revenue of $448.74 million during the quarter, compared to analyst estimates of $451.85 million. Lamar Advertising had a net margin of 21.39% and a return on equity of 32.10%. Lamar Advertising’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 earnings per share. As a group, equities analysts predict that Lamar Advertising will post 5.62 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in Lamar Advertising by 169.5% in the first quarter. Parallel Advisors LLC now owns 318 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 200 shares during the period. First Interstate Bank acquired a new stake in Lamar Advertising in the second quarter valued at $27,000. Arcadia Investment Management Corp MI acquired a new stake in Lamar Advertising in the second quarter valued at $32,000. Penserra Capital Management LLC acquired a new stake in Lamar Advertising in the first quarter valued at $39,000. Finally, Ossiam acquired a new stake in Lamar Advertising in the second quarter valued at $49,000. 81.02% of the stock is owned by institutional investors.

Lamar Advertising Company Profile

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.

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