Lamar Advertising (LAMR) Rating Lowered to Strong Sell at BidaskClub

Lamar Advertising (NASDAQ:LAMR) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

A number of other research analysts have also issued reports on the stock. Citigroup lowered shares of Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 target price on the stock. in a research report on Wednesday, December 20th. MKM Partners increased their target price on shares of Lamar Advertising from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, March 8th. Morgan Stanley increased their target price on shares of Lamar Advertising from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Zacks Investment Research lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $73.25.

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Shares of NASDAQ:LAMR opened at $63.61 on Tuesday. Lamar Advertising has a 12-month low of $61.36 and a 12-month high of $79.17. The company has a market cap of $5,335.12, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 4.12 and a beta of 1.05. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.30.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.37). Lamar Advertising had a return on equity of 29.41% and a net margin of 20.61%. The business had revenue of $398.50 million for the quarter, compared to analyst estimates of $395.71 million. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. equities analysts expect that Lamar Advertising will post 5.14 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aurora Investment Counsel acquired a new stake in shares of Lamar Advertising during the 4th quarter worth approximately $2,733,000. Alliancebernstein L.P. lifted its stake in Lamar Advertising by 69.4% in the 4th quarter. Alliancebernstein L.P. now owns 402,208 shares of the real estate investment trust’s stock valued at $29,860,000 after purchasing an additional 164,803 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Lamar Advertising by 483.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 43,727 shares of the real estate investment trust’s stock valued at $3,247,000 after purchasing an additional 36,227 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Lamar Advertising by 113.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 462,231 shares of the real estate investment trust’s stock valued at $31,676,000 after purchasing an additional 245,913 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its stake in Lamar Advertising by 20.0% in the 4th quarter. State of Tennessee Treasury Department now owns 60,000 shares of the real estate investment trust’s stock valued at $4,454,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 98.73% of the company’s stock.

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About Lamar Advertising

Founded in 1902, Lamar Advertising (Nasdaq:LAMR) is one of the largest outdoor advertising companies in North America, with more than 348,000 displays across the United States, Canada and Puerto Rico. Lamar offers advertisers a variety of billboard, interstate logo and transit advertising formats, helping both local businesses and national brands reach broad audiences every day.

Analyst Recommendations for Lamar Advertising (NASDAQ:LAMR)

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