Lamar Advertising Company (LAMR) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $73 and the lowest price target forecast is $59. The average forecast of all the analysts is $65.6 and the expected standard deviation is $5.08.
Lamar Advertising Company (LAMR) : 6 analysts are covering Lamar Advertising Company (LAMR) and their average rating on the stock is 2.33, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Lamar Advertising Company (NASDAQ:LAMR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.52 and $62.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.98, notching a gain of 1.04% for the day. The total traded volume was 584,700 . The stock had closed at $62.33 on the previous day.
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays. As of December 31, 2012, the Company owned and operated over 144,000 billboard advertising displays in 44 states, Canada and Puerto Rico, over 115,000 logo advertising displays in 22 states and the province of Ontario, Canada, and operated over 34,000 transit advertising displays in 15 states, Canada and Puerto Rico. In August 2014, the Company acquired the assets of Marco Outdoor Advertising, Inc.