Lamar Advertising Co (NASDAQ:LAMR) Receives Consensus Rating of “Hold” from Analysts

Lamar Advertising Co (NASDAQ:LAMR) has earned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $78.00.

Several analysts have recently weighed in on the stock. ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of Lamar Advertising from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd.

In other news, Director Thomas V. Reifenheiser sold 4,000 shares of Lamar Advertising stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $81.05, for a total value of $324,200.00. Following the completion of the sale, the director now owns 38,708 shares in the company, valued at approximately $3,137,283.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Keith A. Istre sold 16,294 shares of Lamar Advertising stock in a transaction on Monday, May 13th. The shares were sold at an average price of $80.28, for a total transaction of $1,308,082.32. Following the completion of the sale, the chief financial officer now owns 118,991 shares of the company’s stock, valued at approximately $9,552,597.48. The disclosure for this sale can be found here. Insiders own 15.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its position in Lamar Advertising by 169.5% in the 1st quarter. Parallel Advisors LLC now owns 318 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 200 shares during the period. Tompkins Financial Corp grew its position in Lamar Advertising by 63.3% in the 1st quarter. Tompkins Financial Corp now owns 343 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 133 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Lamar Advertising in the 2nd quarter valued at $32,000. Penserra Capital Management LLC acquired a new stake in Lamar Advertising in the 1st quarter valued at $39,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Lamar Advertising in the 1st quarter valued at $40,000. 81.08% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising stock traded down $0.44 during mid-day trading on Friday, hitting $79.37. 196,481 shares of the stock were exchanged, compared to its average volume of 237,931. The firm’s fifty day moving average price is $80.96. The firm has a market capitalization of $8.09 billion, a PE ratio of 14.43 and a beta of 0.95. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.48. Lamar Advertising has a 12 month low of $64.51 and a 12 month high of $84.50.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.43). The company had revenue of $384.50 million during the quarter, compared to the consensus estimate of $384.84 million. Lamar Advertising had a net margin of 20.68% and a return on equity of 30.95%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, analysts forecast that Lamar Advertising will post 5.62 earnings per share for the current year.

About Lamar Advertising

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 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.

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Analyst Recommendations for Lamar Advertising (NASDAQ:LAMR)

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