Lamar Advertising (LAMR) Upgraded at ValuEngine
Lamar Advertising (NASDAQ:LAMR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
A number of other analysts have also recently issued reports on the stock. BidaskClub cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. TheStreet upgraded shares of Lamar Advertising from a “c+” rating to a “b-” rating in a research note on Wednesday, June 6th. Zacks Investment Research cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. MKM Partners raised their target price on shares of Lamar Advertising to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Finally, Wells Fargo & Co raised their target price on shares of Lamar Advertising from $74.00 to $77.00 and gave the stock a “market perform” rating in a research note on Thursday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $74.20.
Shares of LAMR traded up $0.60 during midday trading on Wednesday, reaching $78.12. The stock had a trading volume of 233,700 shares, compared to its average volume of 540,083. Lamar Advertising has a one year low of $61.36 and a one year high of $79.17. The company has a market cap of $7.67 billion, a PE ratio of 15.47 and a beta of 1.14. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.48 and a quick ratio of 1.48.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd lifted its stake in shares of Lamar Advertising by 566.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,606 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 1,365 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of Lamar Advertising during the 2nd quarter worth about $137,000. Qube Research & Technologies Ltd acquired a new stake in shares of Lamar Advertising during the 2nd quarter worth about $164,000. McKinley Carter Wealth Services Inc. acquired a new stake in Lamar Advertising in the 1st quarter worth about $164,000. Finally, Quadrature Capital Ltd acquired a new stake in Lamar Advertising in the 1st quarter worth about $203,000. Institutional investors own 83.48% of the company’s stock.
Lamar Advertising Company Profile
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 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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