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

Lamar Advertising (NASDAQ:LAMR) had its price objective increased by analysts at Wells Fargo & Company from $150.00 to $151.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 1.83% from the stock’s previous close.

LAMR has been the topic of a number of other research reports. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Morgan Stanley set a $170.00 target price on Lamar Advertising in a research report on Friday. Citigroup downgraded Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price target for the company from $145.00 to $160.00 in a report on Friday, July 10th. JPMorgan Chase & Co. upped their price target on Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, TD Cowen raised their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $160.17.

Lamar Advertising Stock Performance

Lamar Advertising stock opened at $153.82 on Wednesday. Lamar Advertising has a 52 week low of $114.45 and a 52 week high of $166.33. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. The stock has a market cap of $15.61 billion, a P/E ratio of 28.07 and a beta of 1.19. The stock has a 50 day moving average of $156.41 and a 200-day moving average of $143.22.

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

Institutional Trading of Lamar Advertising

Hedge funds have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC bought a new stake in shares of Lamar Advertising during the second quarter valued at about $510,000. Arrowstreet Capital Limited Partnership increased its stake in Lamar Advertising by 250.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock valued at $5,777,000 after buying an additional 34,002 shares during the period. Amundi increased its stake in Lamar Advertising by 224.6% during the 2nd quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 1,417 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Lamar Advertising during the 2nd quarter worth about $873,000. Finally, Cerity Partners LLC lifted its stake in shares of Lamar Advertising by 39.0% in the 2nd quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock worth $4,510,000 after acquiring an additional 10,423 shares during the period. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Company Profile

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.