Wells Fargo & Company Increases Lamar Advertising (NASDAQ:LAMR) Price Target to $136.00

Lamar Advertising (NASDAQ:LAMR) had its price objective upped by Wells Fargo & Company from $121.00 to $136.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 3.64% from the stock’s current price.

LAMR has been the subject of several other reports. JPMorgan Chase & Co. boosted their price objective on Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Citigroup upped their target price on shares of Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lamar Advertising in a research note on Monday, December 29th. UBS Group set a $150.00 price target on shares of Lamar Advertising in a research report on Monday. Finally, Morgan Stanley set a $140.00 price objective on shares of Lamar Advertising in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $139.80.

Lamar Advertising Price Performance

Shares of Lamar Advertising stock traded down $0.80 during trading on Tuesday, reaching $131.23. The company’s stock had a trading volume of 28,679 shares, compared to its average volume of 488,469. Lamar Advertising has a one year low of $99.84 and a one year high of $136.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.04. The stock has a 50-day moving average price of $129.41 and a two-hundred day moving average price of $126.28. The stock has a market capitalization of $13.29 billion, a P/E ratio of 22.80 and a beta of 1.23.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.68). The company had revenue of $595.93 million during the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising had a return on equity of 59.02% and a net margin of 25.91%.Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, sell-side analysts anticipate that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LAMR. Nisa Investment Advisors LLC lifted its stake in shares of Lamar Advertising by 31.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 45,951 shares of the real estate investment trust’s stock valued at $5,625,000 after acquiring an additional 10,982 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Lamar Advertising by 0.8% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,106 shares of the real estate investment trust’s stock valued at $11,785,000 after purchasing an additional 733 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Lamar Advertising by 31.3% during the third quarter. Assetmark Inc. now owns 102,270 shares of the real estate investment trust’s stock valued at $12,520,000 after purchasing an additional 24,391 shares in the last quarter. Meixler Investment Management Ltd. grew its holdings in shares of Lamar Advertising by 47.0% during the second quarter. Meixler Investment Management Ltd. now owns 9,650 shares of the real estate investment trust’s stock worth $1,171,000 after purchasing an additional 3,086 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in shares of Lamar Advertising by 89.4% in the third quarter. Gateway Investment Advisers LLC now owns 74,254 shares of the real estate investment trust’s stock valued at $9,090,000 after buying an additional 35,048 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Company Profile

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.