Last Updated: 13 Sep 2024
Executive Summary
Lamar Advertising Company (LAMR) is a leading outdoor advertising company in North America with a strong financial performance and a positive outlook. The company's stock price is currently trading at $127.48, within the 52-week range of $74.64 to $127.82. Analysts have a "Hold" rating on the stock, with a target price of $129.
Company Overview
Lamar Advertising Company was founded in 1902 and is headquartered in Baton Rouge, Louisiana. The company operates over 357,500 displays in the United States and Canada, including billboards, street furniture, and digital displays. Lamar Advertising's customers include a wide range of businesses, from local businesses to national brands.
Fundamental Analysis
Lamar Advertising Company has a strong financial performance. The company's revenue has grown steadily in recent years, reaching $2.16 billion in 2023. The company's net income has also grown steadily, reaching $492.3 million in 2023. Lamar Advertising Company's profit margin is 23.3%, and its return on equity is 42.7%.
The company's financial ratios are also strong. Lamar Advertising Company has a debt-to-equity ratio of 0.44, and its current ratio is 1.23. The company's Altman Z-score is 3.6, which indicates that it is in a financially healthy position.
Technical Analysis
The technical analysis of Lamar Advertising Company's stock price shows that the stock is currently trading in a bullish trend. The stock price has been above its 50-day and 200-day moving averages for the past several months. The stock price is also above its Ichimoku cloud, which is a bullish indicator.
Short Term Outlook
The short-term outlook for Lamar Advertising Company is positive. The company's financial performance is strong, and the stock price is trading in a bullish trend. The stock price is expected to continue to rise in the short term.
Long Term Outlook
The long-term outlook for Lamar Advertising Company is also positive. The company is a leader in the outdoor advertising industry, and it has a strong financial foundation. The company is expected to continue to grow its revenue and earnings in the long term.
Analyst Recommendations
Analysts have a "Hold" rating on Lamar Advertising Company's stock. The consensus target price for the stock is $129. This target price implies a potential upside of 1.2% from the current stock price.
