Lamar Advertising (NASDAQ:LAMR) Price Target Raised to $158.00

Key Points

• Wells Fargo raised its price target on Lamar Advertising from $156 to $158, while keeping an “equal weight” rating; the new target implies about 3.3% upside from the stock’s current price.
• Analyst sentiment is broadly cautious: MarketBeat’s average rating is “Hold,” with an average price target of $161.33.
• Lamar reported quarterly EPS of $1.58, matching estimates, while revenue of $616.75 million exceeded analyst forecasts of $606.61 million.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) had its price objective upped by Wells Fargo & Company from $156.00 to $158.00 in a research note issued on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would indicate a potential upside of 3.28% from the stock's current price.

A number of other brokerages also recently commented on LAMR. Weiss Ratings restated a "buy (b)" rating on shares of Lamar Advertising in a research note on Wednesday, August 19th. JPMorgan Chase & Co. upped their target price on Lamar Advertising from $153.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Morgan Stanley set a $170.00 price target on Lamar Advertising in a research report on Friday, August 7th. Finally, Citigroup downgraded Lamar Advertising from a "buy" rating to a "neutral" rating and raised their price target for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Lamar Advertising has an average rating of "Hold" and an average target price of $161.33.

Lamar Advertising Stock Performance

Shares of NASDAQ:LAMR traded down $4.33 on Friday, reaching $152.97. 150,257 shares of the company's stock were exchanged, compared to its average volume of 588,192. The business's 50-day moving average is $149.65 and its two-hundred day moving average is $145.22. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29. Lamar Advertising has a fifty-two week low of $120.54 and a fifty-two week high of $166.33. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 27.86 and a beta of 1.23.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, meeting the consensus estimate of $1.58. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. The business had revenue of $616.75 million during the quarter, compared to analyst estimates of $606.61 million. As a group, equities research analysts forecast that Lamar Advertising will post 8.40 EPS for the current year.

Insiders Place Their Bets

In other Lamar Advertising news, Director Thomas Reifenheiser sold 8,099 shares of the business's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $149.03, for a total transaction of $1,206,993.97. Following the completion of the transaction, the director directly owned 36,387 shares of the company's stock, valued at $5,422,754.61. The trade was a 18.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lamar Advertising

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Lamar Advertising by 1.3% in the second quarter. Wellington Management Group LLP now owns 2,125,742 shares of the real estate investment trust's stock valued at $331,573,000 after buying an additional 27,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Lamar Advertising by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust's stock valued at $165,549,000 after acquiring an additional 11,586 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Lamar Advertising by 49.7% during the 1st quarter. Quantinno Capital Management LP now owns 677,202 shares of the real estate investment trust's stock valued at $85,774,000 after acquiring an additional 224,775 shares during the last quarter. LFL Advisers LLC boosted its stake in shares of Lamar Advertising by 2.6% during the 1st quarter. LFL Advisers LLC now owns 316,340 shares of the real estate investment trust's stock worth $40,068,000 after acquiring an additional 8,005 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Lamar Advertising during the 2nd quarter worth $26,469,000. Institutional investors and hedge funds own 93.78% of the company's stock.

Key Stories Impacting Lamar Advertising

Here are the key news stories impacting Lamar Advertising this week:

• Positive Sentiment: Third-quarter funds from operations (FFO) were $2.41 per share, beating the $2.36 consensus and rising from $2.20 a year earlier. Revenue of $624.5 million also topped estimates; adjusted EBITDA increased 9% and AFFO rose 9.5%. Q3 FFO and revenue results
• Positive Sentiment: Lamar raised its 2026 AFFO outlook to $8.97, signaling confidence in cash-flow growth. 2026 AFFO outlook
• Positive Sentiment: Coverage also points to resilient local advertising demand, digital billboard conversions, expanding margins and a roughly 4.3% dividend yield as support for the shares. Lamar Advertising analysis
• Negative Sentiment: One analysis noted a headline EPS miss tied to a one-time asset-sale effect, which may distract from the stronger FFO and operating performance. Investors may also weigh whether the shares’ valuation leaves room for further gains. Valuation discussion following Q3 results

About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company that provides businesses with advertising displays across the United States. Its offerings include traditional and digital billboards, bulletin and poster displays, transit advertising, and other out-of-home media formats.

The company also provides logo sign and tourist-oriented directional signage services through displays located along highways and other major transportation routes. Its digital advertising network allows advertisers to deliver messages that can be updated more frequently than traditional static signage.

Lamar traces its roots to 1902 and is headquartered in Baton Rouge, Louisiana.

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