The stock of Lamar Advertising Company (NASDAQ:LAMR) last traded at $102.97, up 0.85% from the previous session.
Data from the available sources indicates that Lamar Advertising Company (NASDAQ:LAMR) is covered by 5 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $100.00, we find $108.00. Given the previous closing price of $102.10, this indicates a potential upside of 5.78 percent. LAMR stock price is now 8.19% away from the 50-day moving average and 6.87% away from the 200-day moving average. The market capitalization of the company currently stands at $10.46B.
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In total, 4 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $106.00 as their price target over the next twelve months.
With the price target reduced from $112 to $108, Citigroup Upgraded its rating from Neutral to Buy for Lamar Advertising Company (NASDAQ: LAMR). On June 10, 2022, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $135 to quote $103, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’.
In other news, REIFENHEISER THOMAS V, Director sold 2,200 shares of the company’s stock on Nov 28. The stock was sold for $216,938 at an average price of $98.61. Upon completion of the transaction, the Director now directly owns 39,671 shares in the company, valued at $4.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25, Director Reilly Wendell sold 4,000 shares of the business’s stock. A total of $400,000 was realized by selling the stock at an average price of $100.00. This leaves the insider owning 5,114 shares of the company worth $0.53 million. Insiders disposed of 65,929 shares of company stock worth roughly $6.79 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LAMR stock. A new stake in Lamar Advertising Company shares was purchased by CAPTRUST FINANCIAL ADVISORS during the first quarter worth $14,831,000. SCHONFELD STRATEGIC ADVISORS LLC invested $9,765,000 in shares of LAMR during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Lamar Advertising Company valued at approximately $6,599,000. PALOUSE CAPITAL MANAGEMENT, INC. acquired a new stake in LAMR for approximately $3,771,000. STANSBERRY ASSET MANAGEMENT, LLC purchased a new stake in LAMR valued at around $1,940,000 in the second quarter. In total, there are 602 active investors with 96.10% ownership of the company’s stock.
With an opening price of $102.25 on Tuesday morning, Lamar Advertising Company (NASDAQ: LAMR) set off the trading day. During the past 12 months, Lamar Advertising Company has had a low of $80.85 and a high of $119.31. As of last week, the company has a debt-to-equity ratio of 2.54, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for LAMR is $95.61 and a two-hundred day moving average price translates $96.56 for the stock.
The latest earnings results from Lamar Advertising Company (NASDAQ: LAMR) was released for Jun, 2022. According to the REIT – Specialty Company, earnings per share came in at $1.32, beating analysts’ expectations of $1.27 by 0.05. This compares to $1.05 EPS in the same period last year. The net profit margin was 24.90% and return on equity was 40.00% for LAMR. The company reported revenue of $527.39 million for the quarter, compared to $476.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.59 percent. For the current quarter, analysts expect LAMR to generate $520M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/19/2022 were paid a $1.50 dividend. On an annualized basis, this represents a $4.80 dividend and a 4.66% percent yield. There was an ex-dividend date of 12/16/2022 for this dividend. In terms of dividend payout ratio, LAMR is presently at 71.60%.
Lamar Advertising Company(LAMR) Company Profile
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with approximately 3,800 displays.
