Currently, there are 87.94M common shares owned by the public and among those 87.21M shares have been available to trade.
The company’s stock has a 5-day price change of 1.81% and 1.05% over the past three months. LAMR shares are trading 6.82% year to date (YTD), with the 12-month market performance up to 24.62% higher. It has a 12-month low price of $103.91 and touched a high of $139.60 over the same period. LAMR has an average intraday trading volume of 442.67K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.55%, 3.64%, and 4.76% respectively.
Institutional ownership of Lamar Advertising Co (NASDAQ: LAMR) shares accounts for 83.36% of the company’s 87.94M shares outstanding.
It has a market capitalization of $13.31B and a beta (3y monthly) value of 1.56. The stock’s trailing 12-month PE ratio is 26.03, while the earnings-per-share (ttm) stands at $5.00. The company has a PEG of 3.00 and the debt-to-equity ratio at 3.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.69% over the week and 1.94% over the month.
Earnings per share for the fiscal year are expected to increase by 2.71%, and 15.66% over the next financial year. EPS should shrink at an annualized rate of 8.69% over the next five years, compared to 9.54% over the past 5-year period.
Looking at the support for the LAMR, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on September 19, 2024, with the firm’s price target at $132. TD Cowen coverage for the Lamar Advertising Co (LAMR) stock in a research note released on July 16, 2024 offered a Buy rating with a price target of $135. Citigroup was of a view on July 11, 2024 that the stock is Neutral, while Citigroup gave the stock Buy rating on July 07, 2022, issuing a price target of $112- $108. Morgan Stanley on their part issued Equal-Weight rating on June 10, 2022.
