Lamar Advertising Sees Unusually Large Options Volume (LAMR)
Shares of Lamar Advertising (NASDAQ:LAMR) was the recipient of unusually large options trading on Thursday. Stock investors purchased 11,218 put options on the company, Analyst Ratings Network.com reports. This is an increase of 984% compared to the typical volume of 1,035 put options.
LAMR has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Lamar Advertising (NASDAQ:LAMR) from a “hold” rating to a “sell” rating in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Lamar Advertising (NASDAQ:LAMR) in a research note to investors on Friday, August 16th. They now have a $46.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lamar Advertising (NASDAQ:LAMR) in a research note to investors on Friday, August 9th. They now have a $53.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $50.00.
Lamar Advertising (NASDAQ:LAMR) opened at 47.07 on Friday. Lamar Advertising has a 52 week low of $36.08 and a 52 week high of $49.61. The stock has a 50-day moving average of $43.77 and a 200-day moving average of $45.49. The company has a market cap of $4.448 billion and a P/E ratio of 131.85.
Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.01. The company had revenue of $324.70 million for the quarter, compared to the consensus estimate of $323.84 million. During the same quarter last year, the company posted $0.15 earnings per share. Lamar Advertising’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that Lamar Advertising will post $0.52 EPS for the current fiscal year.
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment.
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