Lamar Advertising Co (NASDAQ:LAMR) Receives $80.67 Average Price Target from Analysts

Shares of Lamar Advertising Co (NASDAQ:LAMR) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $83.50.

LAMR has been the subject of several research reports. Imperial Capital decreased their price target on shares of Lamar Advertising from $89.00 to $86.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. They noted that the move was a valuation call. BidaskClub lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, ValuEngine upgraded shares of Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Saturday.

In other Lamar Advertising news, Director Stephen P. Mumblow sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $79.81, for a total value of $279,335.00. Following the transaction, the director now owns 5,580 shares in the company, valued at $445,339.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.19% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of LAMR. First Interstate Bank acquired a new position in shares of Lamar Advertising during the 2nd quarter worth $27,000. CENTRAL TRUST Co acquired a new stake in shares of Lamar Advertising in the 3rd quarter valued at $28,000. Kistler Tiffany Companies LLC boosted its holdings in Lamar Advertising by 55.6% in the third quarter. Kistler Tiffany Companies LLC now owns 400 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 143 shares in the last quarter. Usca Ria LLC bought a new stake in Lamar Advertising in the third quarter worth $36,000. Finally, Ossiam acquired a new position in Lamar Advertising during the second quarter worth $49,000. 79.31% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising stock traded up $0.19 during midday trading on Friday, reaching $86.85. The stock had a trading volume of 974 shares, compared to its average volume of 323,442. Lamar Advertising has a twelve month low of $64.51 and a twelve month high of $86.77. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 15.76 and a beta of 0.95. The firm’s fifty day simple moving average is $82.61 and its two-hundred day simple moving average is $80.44.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.08). The business had revenue of $457.80 million for the quarter, compared to analysts’ expectations of $452.91 million. Lamar Advertising had a net margin of 21.23% and a return on equity of 32.10%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. As a group, sell-side analysts predict that Lamar Advertising will post 5.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.96 per share. The ex-dividend date is Friday, December 13th. This represents a $3.84 dividend on an annualized basis and a yield of 4.42%. Lamar Advertising’s payout ratio is 69.82%.

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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