Lamar Advertising Company (NASDAQ:LAMR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.33 by 6 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.
Lamar Advertising Company (NASDAQ:LAMR): 5 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $65.4 in Lamar Advertising Company (NASDAQ:LAMR). However, the stock price could fluctuate by $ 5.41 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $73 price target with the lower price estimate is calculated at $59
Lamar Advertising Company (NASDAQ:LAMR) witnessed a decline in the market cap on Tuesday as its shares dropped 0.77% or 0.49 points. After the session commenced at $63.6, the stock reached the higher end at $63.96 while it hit a low of $63.1016. With the volume soaring to 1,038,840 shares, the last trade was called at $63.16. The company has a 52-week high of $65.5. The company has a market cap of $6,129 million and there are 97,044,032 shares in outstanding. The 52-week low of the share price is $49.73.
Shares of Lamar Advertising Co. rose by 0.35% in the last five trading days and 0.99% for the last 4 weeks. Lamar Advertising Co. is up 7.15% in the last 3-month period. Year-to-Date the stock performance stands at 7.89%.
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.