Analysts’ Recent Ratings Updates for Lamar Advertising (LAMR)

by · The Cerbat Gem

Lamar Advertising (NASDAQ: LAMR) has recently received a number of price target changes and ratings updates:

  • 11/11/2024 – Lamar Advertising was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 11/11/2024 – Lamar Advertising had its price target lowered by analysts at Wells Fargo & Company from $132.00 to $124.00. They now have an “equal weight” rating on the stock.
  • 11/11/2024 – Lamar Advertising had its price target raised by analysts at Morgan Stanley from $125.00 to $135.00. They now have an “equal weight” rating on the stock.
  • 11/11/2024 – Lamar Advertising had its price target raised by analysts at TD Cowen from $142.00 to $160.00. They now have a “buy” rating on the stock.
  • 10/18/2024 – Lamar Advertising was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 10/10/2024 – Lamar Advertising was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 10/1/2024 – Lamar Advertising was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 9/19/2024 – Lamar Advertising is now covered by analysts at Wells Fargo & Company. They set an “equal weight” rating and a $132.00 price target on the stock.

Lamar Advertising Price Performance

LAMR stock opened at $128.25 on Thursday. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.41. Lamar Advertising has a 1 year low of $94.71 and a 1 year high of $139.88. The firm has a 50-day moving average of $131.93 and a 200 day moving average of $123.19. The company has a market cap of $13.12 billion, a P/E ratio of 25.65 and a beta of 1.52.

Lamar Advertising (NASDAQ:LAMR – Get Free Report) last announced its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The firm had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. During the same period in the prior year, the company posted $2.04 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that Lamar Advertising will post 7.75 EPS for the current year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Wednesday, September 18th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.30. Lamar Advertising’s payout ratio is 112.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Foundations Investment Advisors LLC grew its holdings in Lamar Advertising by 2.2% in the third quarter. Foundations Investment Advisors LLC now owns 3,744 shares of the real estate investment trust’s stock worth $500,000 after purchasing an additional 80 shares during the period. Private Advisor Group LLC grew its stake in shares of Lamar Advertising by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 11,798 shares of the real estate investment trust’s stock worth $1,576,000 after buying an additional 82 shares during the last quarter. Jamison Private Wealth Management Inc. grew its stake in shares of Lamar Advertising by 6.6% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 84 shares during the last quarter. CIBC Asset Management Inc increased its position in Lamar Advertising by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,552 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 85 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in Lamar Advertising by 1.0% during the third quarter. Global Retirement Partners LLC now owns 9,945 shares of the real estate investment trust’s stock valued at $1,329,000 after buying an additional 97 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.

See Also