Wells Fargo & Company Issues Positive Forecast for Lamar Advertising (NASDAQ:LAMR) Stock Price

Key Points

• Wells Fargo raised Lamar Advertising’s price target to $151 from $150 while maintaining an “equal weight” rating, implying 1.83% downside from the prior close.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average target price of $160.17; individual targets range from $151 to $170.
• Lamar reported quarterly EPS of $1.58, in line with estimates, while revenue of $616.75 million exceeded expectations. Institutional investors own a substantial 93.78% of the company’s shares.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) had its price target lifted by analysts at Wells Fargo & Company from $150.00 to $151.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would indicate a potential downside of 1.83% from the stock's previous close.

A number of other brokerages have also recently commented on LAMR. JPMorgan Chase & Co. increased their price objective on shares of Lamar Advertising from $153.00 to $160.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. TD Cowen lifted their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Lamar Advertising in a report on Friday, May 22nd. Citigroup lowered shares of Lamar Advertising from a "buy" rating to a "neutral" rating and increased their price target for the company from $145.00 to $160.00 in a research report on Friday, July 10th. Finally, Morgan Stanley set a $170.00 price objective on shares of Lamar Advertising in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $160.17.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $153.82 on Wednesday. The stock has a fifty day moving average price of $156.41 and a 200 day moving average price of $143.22. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $15.61 billion, a PE ratio of 28.07 and a beta of 1.19. Lamar Advertising has a 1 year low of $114.45 and a 1 year high of $166.33.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, meeting the consensus estimate of $1.58. The company had revenue of $616.75 million for the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. Sell-side analysts forecast that Lamar Advertising will post 8.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lamar Advertising

Several large investors have recently added to or reduced their stakes in LAMR. M&T Bank Corp grew its stake in Lamar Advertising by 12,278.7% during the fourth quarter. M&T Bank Corp now owns 1,147,876 shares of the real estate investment trust's stock worth $145,298,000 after buying an additional 1,138,603 shares during the period. Norges Bank purchased a new stake in shares of Lamar Advertising in the fourth quarter worth about $104,705,000. AQR Capital Management LLC grew its stake in shares of Lamar Advertising by 123.8% in the second 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 buying an additional 816,217 shares in the last quarter. Invesco Ltd. grew its stake in shares of Lamar Advertising by 97.8% in the third quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust's stock valued at $121,439,000 after buying an additional 490,463 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Lamar Advertising by 23.9% during the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust's stock valued at $199,490,000 after buying an additional 314,235 shares during the period. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

About Lamar Advertising

Lamar Advertising Company NASDAQ: LAMR is one of North America's largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.

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