Lamar Advertising (NASDAQ:LAMR) Price Target Raised to $151.00

Lamar Advertising (NASDAQ:LAMR) had its price target upped by Wells Fargo & Company from $150.00 to $151.00 in a research report report published on Wednesday morning, Marketbeat Ratings reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on LAMR. TD Cowen increased their target price on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Citigroup downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. Morgan Stanley set a $170.00 target price on Lamar Advertising in a report on Friday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lamar Advertising currently has an average rating of “Hold” and a consensus price target of $160.17.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $155.47 on Wednesday. The firm has a market cap of $15.79 billion, a P/E ratio of 28.37 and a beta of 1.19. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.63 and a quick ratio of 0.63. The stock’s 50-day moving average is $156.66 and its two-hundred day moving average is $143.66. Lamar Advertising has a fifty-two week low of $114.45 and a fifty-two week high of $166.33.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.The firm had revenue of $616.75 million for the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, analysts anticipate that Lamar Advertising will post 8.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lamar Advertising

A number of hedge funds have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC acquired a new stake in shares of Lamar Advertising during the 4th quarter worth $25,000. Elevation Wealth Partners LLC lifted its position in Lamar Advertising by 451.1% during the second quarter. Elevation Wealth Partners LLC now owns 259 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 212 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Lamar Advertising during the third quarter worth about $33,000. Western Wealth Management LLC bought a new position in Lamar Advertising in the 1st quarter valued at about $40,000. Finally, Larson Financial Group LLC raised its position in shares of Lamar Advertising by 48.1% in the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 103 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

About Lamar Advertising

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.