At the time of writing, Lamar Advertising Co [LAMR] stock is trading at $122.79, up 0.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LAMR shares have gain 3.34% over the last week, with a monthly amount glided 2.50%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lamar Advertising Co [NASDAQ: LAMR] stock has seen the most recent analyst activity on July 16, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $135. Previously, Citigroup downgraded its rating to Neutral on July 11, 2024, and kept the price target unchanged to $122. On July 07, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $108 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $103 on June 10, 2022. Wolfe Research initiated its recommendation with a Peer Perform and recommended $131 as its price target on March 29, 2022. Morgan Stanley upgraded its rating to Overweight for this stock on November 02, 2020, but kept the price target unchanged to $81. In a note dated July 27, 2020, Wolfe Research upgraded an Peer Perform rating on this stock.
For the past year, the stock price of Lamar Advertising Co fluctuated between $77.21 and $123.76. Currently, Wall Street analysts expect the stock to reach $103 within the next 12 months. Lamar Advertising Co [NASDAQ: LAMR] shares were valued at $122.79 at the most recent close of the market. An investor can expect a potential drop of -16.12% based on the average LAMR price forecast.
Analyzing the LAMR fundamentals
According to Lamar Advertising Co [NASDAQ:LAMR], the company’s sales were 2.16B for trailing twelve months, which represents an 4.46% jump. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.42 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 121.78 points at the first support level, and at 120.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.63, and for the 2nd resistance point, it is at 124.47.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.81, the price to book ratio is 10.49 and price to earnings (TTM) ratio is 24.91.
Transactions by insiders
Recent insider trading involved KOERNER JOHN E III, Director, that happened on May 10 ’24 when 17000.0 shares were sold. CFO, Treasurer, EVP, Johnson Jay LeCoryelle completed a deal on Mar 07 ’24 to sell 5000.0 shares. Meanwhile, CFO, Treasurer, EVP Johnson Jay LeCoryelle sold 5000.0 shares on Sep 05 ’23.
