Analysts Set Lamar Advertising Company (NASDAQ:LAMR) Price Target at $134.20

Key Points

• Lamar Advertising Company has received a consensus rating of "Hold" from five research firms, with three holding and two buying recommendations.
• The average twelve-month target price for Lamar Advertising is $134.20, while recent individual analyst ratings have varied, with prices ranging from $119.00 to $135.00.
• In its latest quarterly earnings report, Lamar Advertising reported an EPS of $2.22, significantly beating estimates, but had revenue of $579.31 million, slightly below analyst expectations.

Lamar Advertising Company (NASDAQ:LAMR - Get Free Report) has earned a consensus recommendation of "Hold" from the five analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $134.20.

Several research firms have recently weighed in on LAMR. Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and boosted their target price for the company from $114.00 to $135.00 in a report on Thursday, May 29th. Wells Fargo & Company reduced their target price on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Morgan Stanley boosted their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. reduced their target price on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a report on Monday, August 11th.

Lamar Advertising Stock Down 0.1%

Shares of NASDAQ:LAMR traded down $0.0850 on Friday, hitting $121.2950. 108,023 shares of the company's stock were exchanged, compared to its average volume of 627,055. The firm's 50-day moving average is $122.49 and its 200 day moving average is $119.13. The company has a market capitalization of $12.28 billion, a PE ratio of 28.21 and a beta of 1.36. Lamar Advertising has a 1-year low of $99.84 and a 1-year high of $139.88. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.74. The business had revenue of $579.31 million during the quarter, compared to analysts' expectations of $580.72 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Sell-side analysts predict that Lamar Advertising will post 7.92 EPS for the current year.

Institutional Trading of Lamar Advertising

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in Lamar Advertising by 27.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,344,637 shares of the real estate investment trust's stock valued at $284,577,000 after acquiring an additional 510,025 shares during the last quarter. AQR Capital Management LLC raised its stake in Lamar Advertising by 123.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust's stock valued at $177,152,000 after acquiring an additional 816,217 shares during the last quarter. Hamlin Capital Management LLC raised its stake in Lamar Advertising by 2.1% during the 2nd quarter. Hamlin Capital Management LLC now owns 1,338,419 shares of the real estate investment trust's stock valued at $162,431,000 after acquiring an additional 26,893 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Lamar Advertising by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,299,419 shares of the real estate investment trust's stock valued at $157,697,000 after acquiring an additional 5,080 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Lamar Advertising by 0.4% during the 1st quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust's stock valued at $145,967,000 after acquiring an additional 4,495 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

About Lamar Advertising

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.