JPMorgan Chase & Co. Reiterates “Neutral” Rating for Lamar Advertising (NASDAQ:LAMR)

Lamar Advertising (NASDAQ:LAMR)‘s stock had its “neutral” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $153.00 target price on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 3.00% from the stock’s previous close.

Several other research firms have also recently weighed in on LAMR. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a research report on Thursday, May 7th. TD Cowen boosted their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company increased their price target on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Citigroup cut shares of Lamar Advertising from a “buy” rating to a “neutral” rating and raised their price objective for the company from $145.00 to $160.00 in a research report on Friday, July 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Lamar Advertising has a consensus rating of “Hold” and an average price target of $154.67.

Lamar Advertising Price Performance

NASDAQ:LAMR opened at $157.73 on Wednesday. Lamar Advertising has a 52-week low of $113.66 and a 52-week high of $164.38. The stock has a fifty day moving average of $154.27 and a 200 day moving average of $140.51. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $16.00 billion, a price-to-earnings ratio of 29.10 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. The business had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. On average, research analysts expect that Lamar Advertising will post 8.41 EPS for the current fiscal year.

Institutional Trading of Lamar Advertising

Several hedge funds and other institutional investors have recently bought and sold shares of LAMR. Tucker Asset Management LLC purchased a new position in shares of Lamar Advertising during the fourth quarter worth approximately $25,000. Sound Income Strategies LLC grew its holdings in shares of Lamar Advertising by 151.0% during the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 151 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Lamar Advertising by 451.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 259 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 212 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Lamar Advertising during the 3rd quarter valued at $33,000. Finally, Beacon Financial Strategies CORP purchased a new position in Lamar Advertising in the 4th quarter worth $35,000. Hedge funds and other 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.