Is Lamar Advertising Company (LAMR) Price Targeted To Increase?

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As of Wednesday close, Lamar Advertising Company’s (NASDAQ:LAMR) stock was up $1.4, moving up 1.43 percent to $99.44. The average number of shares traded per day over the past five days has been 521,300 shares. 4 times new highs have been achieved over the past 5 days, with a $3.25 gain in that time frame. In the last twenty days, the average volume was 613,485, while in the previous 50 days, it was 597,944.

Since last month, LAMR stock rose 8.38%. Shares of the company fell to $86.28 on 11/09/22, the lowest level in the past month. A 52-week high of $124.32 was reached on 01/04/22 after having rallying from a 52-week low of $81.10. Since the beginning of this year, LAMR’s stock price has dropped by -18.02% or -$21.86, and marked a new high 2 times. However, the stock has declined by -20.01% since its 52-week high.


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LAMR stock investors should be aware that Lamar Advertising Company (LAMR) stock had its last reported insider trading activity 8 days ago on Nov 16. REIFENHEISER THOMAS V, the Director of the company, disposed of 6,428 shares for $95.50 on Nov 16. It resulted in a $613,886 divestment by the insider. KOERNER JOHN E III sold 5,881 shares at an average price of $95.86 on Nov 15. The insider now owns 48,182 shares following the transaction. On Aug 15, CFO, Treasurer, EVP Johnson Jay LeCoryelle sold 4,000 shares at $106.35 apiece. The transaction was valued at $425,410.

Valuation Metrics

Right now, Lamar Advertising Company (LAMR) has a P/E ratio of about 20.39. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 5.05, the price-to-book (PB) ratio of 7.93, and the price-to-cash flow ratio of 96.65 may also be considered.

The latest dividend of $1.20 per share was paid out, remained unchanged from last year’s $1.20. On Thursday May 19 2022, a $0.10 dividend increase was announced.

Financial Health

In the three months ended June 29, Lamar Advertising Company’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.38, and the total debt-to-equity ratio was 2.54. On the profitability front, the trailing twelve-month gross margin is 84.60% percent. In the year ended June 29, operating margins totaled 31.00%. Based on annual data, LAMR earned $1.21 billion in gross profit and brought in $1.79 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.50%. Return on equity (ROE) for the past 12 months was 40.00%.

In Lamar Advertising Company’s quarter-end financial report for June 29, it reported total debt of $3.02 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LAMR’s revenue rose 9.58% to $517.85 million during the quarter, while net income inched up to $527.39 million. While analysts expected Lamar Advertising Company to report $1.27 quarterly earnings, the actual figure was $1.32 per share, beating the consensus estimate by 3.90%. During the quarter, the company generated $248.4 million in EBITDA. The liabilities of Lamar Advertising Company were 5.0 billion at the end of its most recent quarter ended June 29, and its total debt was $4.45 billion. The value of shareholders’ equity is $101.68 million.

Technical Picture

This quick technical analysis looks at Lamar Advertising Company’s (LAMR) price momentum. With a historical volatility rate of 19.17%, the RSI 9-day stood at 74.67% on 23 November.

With respect to its five-day moving average, the current Lamar Advertising Company price is up by +3.38% percent or $3.25. At present, LAMR shares trade +8.57% above its 20-day simple moving average and +12.54% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.32% above its SMA50 and -10.16% below its SMA200.

Stochastic coefficient K was 96.18% and Stochastic coefficient D was 93.03%, while ATR was 2.53. Given the Stochastic reading of 99.25% for the 14-day period, the RSI (14) reading has been calculated as 68.28%. As of today, the MACD Oscillator reading stands at 1.56, while the 14-day reading stands at 4.04.

Analyst Ratings

Citigroup upgraded its rating on Lamar Advertising Company (NASDAQ: LAMR) to a Buy in a note to investors on July 07, 2022. The analysts firm previously had a Neutral rating on the stock.Lamar Advertising Company (LAMR) has been rated Hold by analysts. According to 0 brokerage firms, LAMR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Lamar Advertising Company stock as buy, with 1 recommending it as overweight.

With a median target price of $108.00, the current consensus forecast for the stock is $100.00 – $110.00. Based on these forecasts, analysts predict Lamar Advertising Company (LAMR) will achieve an average price target of $106.00.

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