Lamar Advertising Given Consensus Rating of “Buy” by Brokerages (NASDAQ:LAMR)
Lamar Advertising (NASDAQ:LAMR) has earned an average rating of “Buy” from the ten ratings firms that are presently covering the company, AnalystRatingsNetwork reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $56.21.
A number of analysts have recently weighed in on LAMR shares. Analysts at Morgan Stanley downgraded shares of Lamar Advertising from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Separately, analysts at Zacks upgraded shares of Lamar Advertising from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 13th. They now have a $61.00 price target on the stock. Finally, analysts at MKM Partners cut their price target on shares of Lamar Advertising from $57.00 to $50.00 in a research note on Thursday, May 8th. They now have a “neutral” rating on the stock.
Shares of Lamar Advertising (NASDAQ:LAMR) opened at 50.31 on Wednesday. Lamar Advertising has a 52 week low of $41.36 and a 52 week high of $54.48. The stock has a 50-day moving average of $51.94 and a 200-day moving average of $51.01. The company has a market cap of $4.787 billion and a P/E ratio of 104.92.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.11. The company had revenue of $284.90 million for the quarter, compared to the consensus estimate of $292.40 million. During the same quarter last year, the company posted ($0.07) earnings per share. Lamar Advertising’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that Lamar Advertising will post $1.13 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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