Lamar Advertising (NASDAQ:LAMR – Get Free Report)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $153.00 price objective on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 4.42% from the stock’s previous close.
Other analysts have also issued research reports about the company. Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and upped their price objective for the company from $145.00 to $160.00 in a research note on Friday, July 10th. Morgan Stanley set a $145.00 target price on Lamar Advertising in a research note on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Wells Fargo & Company raised their price target on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, TD Cowen lifted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Lamar Advertising currently has a consensus rating of “Hold” and an average target price of $154.67.
Get Our Latest Analysis on Lamar Advertising
Lamar Advertising Stock Down 0.7%
Lamar Advertising (NASDAQ:LAMR – Get Free Report) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. Sell-side analysts anticipate that Lamar Advertising will post 8.41 earnings per share for the current year.
Hedge Funds Weigh In On Lamar Advertising
A number of large investors have recently made changes to their positions in the company. Sivia Capital Partners LLC bought a new stake in Lamar Advertising in the 2nd quarter valued at $510,000. Arrowstreet Capital Limited Partnership increased its position in Lamar Advertising by 250.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock worth $5,777,000 after buying an additional 34,002 shares during the period. Amundi lifted its holdings in shares of Lamar Advertising by 224.6% during the second quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 1,417 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Lamar Advertising during the second quarter worth $873,000. Finally, Cerity Partners LLC boosted its position in shares of Lamar Advertising by 39.0% in the second quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock valued at $4,510,000 after acquiring an additional 10,423 shares during the period. Institutional investors own 93.78% of the company’s stock.
About Lamar Advertising
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.
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