Lamar Advertising (NASDAQ:LAMR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Lamar Advertising (NASDAQ:LAMR) had its target price lifted by stock analysts at Wells Fargo & Company from $156.00 to $158.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 3.28% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. Morgan Stanley set a $170.00 price target on shares of Lamar Advertising in a research report on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Citigroup cut shares of Lamar Advertising from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $161.33.

Lamar Advertising Trading Down 2.7%

NASDAQ LAMR traded down $4.33 on Friday, hitting $152.97. 150,257 shares of the company were exchanged, compared to its average volume of 588,192. The company’s 50 day moving average price is $149.65 and its 200-day moving average price is $145.22. 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 firm has a market capitalization of $15.53 billion, a P/E ratio of 27.86 and a beta of 1.23. Lamar Advertising has a twelve month low of $120.54 and a twelve month high of $166.33.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, meeting analysts’ consensus estimates of $1.58. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. The company had revenue of $616.75 million during the quarter, compared to analyst estimates of $606.61 million. Analysts predict that Lamar Advertising will post 8.40 earnings per share for the current fiscal year.

Insider Transactions at Lamar Advertising

In related news, Director Thomas Reifenheiser sold 8,099 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $149.03, for a total value of $1,206,993.97. Following the completion of the sale, the director directly owned 36,387 shares of the company’s stock, valued at approximately $5,422,754.61. This represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.24% of the company’s stock.

Hedge Funds Weigh In On Lamar Advertising

Large investors have recently made changes to their positions in the business. ZWJ Investment Counsel Inc. boosted its holdings in shares of Lamar Advertising by 4.8% during the third quarter. ZWJ Investment Counsel Inc. now owns 1,607 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 74 shares during the period. First Citizens Bank & Trust Co. grew its position in Lamar Advertising by 0.9% during the first quarter. First Citizens Bank & Trust Co. now owns 8,821 shares of the real estate investment trust’s stock valued at $1,117,000 after purchasing an additional 75 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Lamar Advertising by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 7,523 shares of the real estate investment trust’s stock valued at $953,000 after buying an additional 78 shares during the period. REAP Financial Group LLC increased its stake in Lamar Advertising by 9.3% in the 3rd quarter. REAP Financial Group LLC now owns 948 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 81 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Lamar Advertising by 53.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 243 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Key Stories Impacting Lamar Advertising

Here are the key news stories impacting Lamar Advertising this week:

• Positive Sentiment: Third-quarter funds from operations (FFO) were $2.41 per share, beating the $2.36 consensus and rising from $2.20 a year earlier. Revenue of $624.5 million also topped estimates; adjusted EBITDA increased 9% and AFFO rose 9.5%. Q3 FFO and revenue results
• Positive Sentiment: Lamar raised its 2026 AFFO outlook to $8.97, signaling confidence in cash-flow growth. 2026 AFFO outlook
• Positive Sentiment: Coverage also points to resilient local advertising demand, digital billboard conversions, expanding margins and a roughly 4.3% dividend yield as support for the shares. Lamar Advertising analysis
• Negative Sentiment: One analysis noted a headline EPS miss tied to a one-time asset-sale effect, which may distract from the stronger FFO and operating performance. Investors may also weigh whether the shares’ valuation leaves room for further gains. Valuation discussion following Q3 results

About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company that provides businesses with advertising displays across the United States. Its offerings include traditional and digital billboards, bulletin and poster displays, transit advertising, and other out-of-home media formats.

The company also provides logo sign and tourist-oriented directional signage services through displays located along highways and other major transportation routes. Its digital advertising network allows advertisers to deliver messages that can be updated more frequently than traditional static signage.

Lamar traces its roots to 1902 and is headquartered in Baton Rouge, Louisiana.