Lamar Advertising (NASDAQ:LAMR – Get Free Report) had its price target increased by equities researchers at JPMorgan Chase & Co. from $153.00 to $160.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 0.35% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company upped their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. TD Cowen lifted their target price on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Citigroup downgraded Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. Finally, Morgan Stanley set a $170.00 target price on shares of Lamar Advertising in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Lamar Advertising presently has a consensus rating of “Hold” and a consensus price target of $160.00.
Get Our Latest Stock Analysis on LAMR
Lamar Advertising Trading Down 0.4%
Lamar Advertising (NASDAQ:LAMR – Get Free Report) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, meeting the consensus estimate of $1.58. The company had revenue of $616.75 million during the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. Equities analysts forecast that Lamar Advertising will post 8.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Lamar Advertising
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tucker Asset Management LLC acquired a new stake in Lamar Advertising during the 4th quarter worth approximately $25,000. Sound Income Strategies LLC raised its holdings in Lamar Advertising by 151.0% in the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 151 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Lamar Advertising during the 3rd quarter valued at $33,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Lamar Advertising in the third quarter worth about $39,000. Finally, Larson Financial Group LLC boosted its holdings in Lamar Advertising by 48.1% in the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 103 shares during the period. Hedge funds and other 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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