Lamar Advertising Price Target Increased to $57.00 by Analysts at MKM Partners (LAMR)
Investment analysts at MKM Partners raised their price target on shares of Lamar Advertising (NASDAQ:LAMR) from $51.00 to $57.00 in a note issued to investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ price target indicates a potential upside of 13.84% from the company’s current price.
Shares of Lamar Advertising (NASDAQ:LAMR) traded up 3.36% on Thursday, hitting $51.75. 3,831,033 shares of the company’s stock traded hands. Lamar Advertising has a 1-year low of $41.30 and a 1-year high of $52.33. The stock’s 50-day moving average is $50.09 and its 200-day moving average is $47.98. The company has a market cap of $4.898 billion and a price-to-earnings ratio of 116.71.
Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Thursday, February 27th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.05. The company had revenue of $320.40 million for the quarter, compared to the consensus estimate of $316.50 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Lamar Advertising will post $0.51 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LAMR. Analysts at Citigroup Inc. upgraded shares of Lamar Advertising from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 5th. They now have a $55.50 price target on the stock, up previously from $54.00. Finally, analysts at Zacks downgraded shares of Lamar Advertising from an “outperform” rating to a “neutral” rating in a research note on Monday, December 2nd. They now have a $52.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Lamar Advertising currently has an average rating of “Buy” and a consensus target price of $53.45.
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment.
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