Share on StockTwits

Lamar Advertising (NASDAQ:LAMR) was the target of unusually large options trading activity on Thursday. Traders acquired 11,145 call options on the company, American Banking reports. This is an increase of 286% compared to the typical daily volume of 2,885 call options.

A number of analysts have recently weighed in on LAMR shares. Analysts at Zacks downgraded shares of Lamar Advertising from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. They now have a $52.00 price target on the stock. Separately, analysts at Evercore Partners upgraded shares of Lamar Advertising from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, November 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Lamar Advertising presently has a consensus rating of “Buy” and an average price target of $52.36.

Shares of Lamar Advertising (NASDAQ:LAMR) opened at 51.64 on Friday. Lamar Advertising has a 52 week low of $39.10 and a 52 week high of $52.33. The stock’s 50-day moving average is $50.57 and its 200-day moving average is $46.24. The company has a market cap of $4.887 billion and a P/E ratio of 121.79.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $323.20 million for the quarter, compared to the consensus estimate of $322.00 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis.

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.