Lamar Advertising (LAMR) Receives $73.25 Consensus Price Target from Analysts

Shares of Lamar Advertising (NASDAQ:LAMR) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $73.25.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Morgan Stanley increased their target price on shares of Lamar Advertising from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Citigroup lowered shares of Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 target price on the stock. in a research report on Wednesday, December 20th. Finally, ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.

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Shares of LAMR stock traded up $0.22 during trading hours on Wednesday, hitting $63.33. 195,618 shares of the company’s stock were exchanged, compared to its average volume of 672,632. Lamar Advertising has a 1 year low of $62.45 and a 1 year high of $79.17. The firm has a market cap of $6,201.06, a price-to-earnings ratio of 19.68, a PEG ratio of 4.09 and a beta of 1.06. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.29 and a current ratio of 1.29.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.37). Lamar Advertising had a return on equity of 29.41% and a net margin of 20.61%. The business had revenue of $398.50 million for the quarter, compared to analyst estimates of $395.71 million. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. analysts forecast that Lamar Advertising will post 5.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 19th will be given a dividend of $0.91 per share. This is a positive change from Lamar Advertising’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, March 16th. This represents a $3.64 annualized dividend and a dividend yield of 5.75%. Lamar Advertising’s dividend payout ratio (DPR) is currently 113.04%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new stake in shares of Lamar Advertising during the 4th quarter worth approximately $541,000. Envestnet Asset Management Inc. boosted its position in shares of Lamar Advertising by 7.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,860 shares of the real estate investment trust’s stock worth $1,326,000 after acquiring an additional 1,164 shares in the last quarter. Csenge Advisory Group boosted its position in shares of Lamar Advertising by 14.0% during the 4th quarter. Csenge Advisory Group now owns 11,994 shares of the real estate investment trust’s stock worth $890,000 after acquiring an additional 1,474 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Lamar Advertising during the 4th quarter worth approximately $3,946,000. Finally, Vident Investment Advisory LLC boosted its position in shares of Lamar Advertising by 76.5% during the 4th quarter. Vident Investment Advisory LLC now owns 10,351 shares of the real estate investment trust’s stock worth $769,000 after acquiring an additional 4,485 shares in the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.

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Lamar Advertising Company Profile

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.

Analyst Recommendations for Lamar Advertising (NASDAQ:LAMR)

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