Lamar Advertising (NASDAQ:LAMR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Lamar Advertising (NASDAQ:LAMR) had its price target raised by research analysts at JPMorgan Chase & Co. from $153.00 to $160.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 0.35% from the stock’s previous close.

LAMR has been the subject of a number of other research reports. Wells Fargo & Company boosted their price objective on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. TD Cowen increased their target price on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and raised their target price for the company from $145.00 to $160.00 in a research note on Friday, July 10th. Finally, Morgan Stanley set a $170.00 price target on shares of Lamar Advertising in a report on Friday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $160.00.

Lamar Advertising Stock Performance

LAMR traded down $0.56 on Friday, hitting $159.44. 146,100 shares of the company’s stock were exchanged, compared to its average volume of 601,994. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. The stock has a fifty day moving average of $156.09 and a two-hundred day moving average of $142.70. Lamar Advertising has a twelve month low of $113.66 and a twelve month high of $166.33. The firm has a market cap of $16.18 billion, a PE ratio of 29.40 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, meeting analysts’ consensus estimates of $1.58. The company had revenue of $616.75 million during the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, research 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 institutional investors and hedge funds have recently bought and sold shares of the business. M&T Bank Corp raised its position in shares of Lamar Advertising by 12,278.7% during the 4th quarter. M&T Bank Corp now owns 1,147,876 shares of the real estate investment trust’s stock valued at $145,298,000 after acquiring an additional 1,138,603 shares during the last quarter. Norges Bank acquired a new position in shares of Lamar Advertising in the 4th quarter valued at $104,705,000. AQR Capital Management LLC boosted its position in shares of Lamar Advertising by 123.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock worth $177,152,000 after purchasing an additional 816,217 shares during the last quarter. Invesco Ltd. boosted its position in shares of Lamar Advertising by 97.8% in the 3rd quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust’s stock worth $121,439,000 after purchasing an additional 490,463 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Lamar Advertising by 23.9% during the third quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock worth $199,490,000 after purchasing an additional 314,235 shares during the period. Institutional investors and hedge funds 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.