Lamar Advertising (NASDAQ:LAMR) Stock Rating Lowered by StockNews.com

Lamar Advertising (NASDAQ:LAMR) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other equities analysts have also commented on the stock. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 target price on the stock. in a report on Thursday, July 11th. JPMorgan Chase & Co. raised their price objective on Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen boosted their target price on Lamar Advertising from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company assumed coverage on Lamar Advertising in a research report on Thursday, September 19th. They set an “equal weight” rating and a $132.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $125.00.

Lamar Advertising Price Performance

LAMR stock traded down $1.81 during mid-day trading on Tuesday, hitting $131.79. 252,263 shares of the stock were exchanged, compared to its average volume of 413,518. The business has a fifty day moving average price of $123.18 and a 200 day moving average price of $119.13. Lamar Advertising has a 12 month low of $77.21 and a 12 month high of $137.40. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 27.06 and a beta of 1.52.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, August 8th. The real estate investment trust reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.67). Lamar Advertising had a return on equity of 42.18% and a net margin of 23.34%. The firm had revenue of $565.25 million during the quarter, compared to the consensus estimate of $564.96 million. During the same quarter in the previous year, the firm earned $1.90 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Lamar Advertising will post 7.75 EPS for the current year.

Institutional Investors Weigh In On Lamar Advertising

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new stake in Lamar Advertising in the fourth quarter worth $111,255,000. Morningstar Investment Services LLC lifted its position in shares of Lamar Advertising by 97.6% in the 4th quarter. Morningstar Investment Services LLC now owns 913,833 shares of the real estate investment trust’s stock worth $98,347,000 after purchasing an additional 451,429 shares during the period. Centersquare Investment Management LLC boosted its stake in shares of Lamar Advertising by 82.8% during the 1st quarter. Centersquare Investment Management LLC now owns 621,763 shares of the real estate investment trust’s stock valued at $72,031,000 after purchasing an additional 281,582 shares in the last quarter. Boston Trust Walden Corp increased its position in shares of Lamar Advertising by 2.3% during the second quarter. Boston Trust Walden Corp now owns 399,678 shares of the real estate investment trust’s stock valued at $47,774,000 after buying an additional 8,857 shares during the period. Finally, Cibc World Markets Corp bought a new position in Lamar Advertising in the fourth quarter worth about $3,086,000. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Company Profile

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.