Lamar Advertising (NASDAQ:LAMR) Receives Consensus Rating of "Hold" from Analysts

Shares of Lamar Advertising (NASDAQ:LAMR - Get Free Report) have earned an average recommendation of "Hold" from the five ratings firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $132.40.

Several brokerages have recently issued reports on LAMR. TD Cowen raised their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Morgan Stanley lifted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Wells Fargo & Company dropped their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Finally, StockNews.com downgraded shares of Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th.

Institutional Investors Weigh In On Lamar Advertising

Institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC raised its stake in Lamar Advertising by 2.9% in the third quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust's stock valued at $567,632,000 after purchasing an additional 119,068 shares in the last quarter. State Street Corp raised its stake in Lamar Advertising by 0.8% during the third quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust's stock worth $352,752,000 after acquiring an additional 21,852 shares in the last quarter. Geode Capital Management LLC raised its stake in Lamar Advertising by 4.6% during the third quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust's stock worth $274,595,000 after acquiring an additional 90,775 shares in the last quarter. Wellington Management Group LLP raised its stake in Lamar Advertising by 45.5% during the third quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust's stock worth $263,840,000 after acquiring an additional 617,356 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Lamar Advertising by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,332,586 shares of the real estate investment trust's stock worth $159,283,000 after acquiring an additional 75,955 shares in the last quarter. Institutional investors own 93.78% of the company's stock.

Lamar Advertising Price Performance

Shares of Lamar Advertising stock traded down $1.52 during mid-day trading on Tuesday, reaching $132.12. 401,932 shares of the stock were exchanged, compared to its average volume of 410,695. Lamar Advertising has a fifty-two week low of $100.15 and a fifty-two week high of $139.88. The firm has a 50-day simple moving average of $132.59 and a 200 day simple moving average of $124.40. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 26.42 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The company had revenue of $564.10 million for the quarter, compared to the consensus estimate of $568.91 million. During the same period in the prior year, the company earned $2.04 EPS. The firm's revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Lamar Advertising will post 7.52 EPS for the current fiscal year.

About Lamar Advertising

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.