Will Today’s Topeka Capital Markets Upgrade Ultimately Help The Stock Price of Lamar Advertising (NASDAQ:LAMR)?


Lamar Advertising (NASDAQ:LAMR) Stock Upgrade

Topeka Capital Markets gave has just issued a new rating of Buy on shares of Lamar Advertising (NASDAQ:LAMR) in analysts report issued to investors and clients earlier today, which is a upgrade from the previous Hold rating for shares. The brokerage after the upgrade has a solid $73 target price per share on Lamar Advertising (NASDAQ:LAMR), which suggests upside potential of around 24.81%.

From a total of 10 analysts covering Lamar Advertising (NASDAQ:LAMR) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is $65 while the lowest target price is $51. The mean of all analyst targets is $60.8 with a 8.27% above today’s ($58.49) stock price. Lamar Advertising was the topic of 5 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. FBR Capital maintained shares on November 5 with “Outperform” rating.

The stock increased 1.26% or $0.73 during the last trading session, striking $58.49. Approximately shares of stock traded hands. Lamar Advertising Co (NASDAQ:LAMR) has risen 1.88% since May 5, 2015 and is uptrending. It has outperformed by 2.47% the S&P500.

The overall sentiment of institutions has decreased to 1.26 in Q2 2015. Its down 0.10, from 1.36 in 2015Q2. The ratio fall, as 39 institutions have sold all the shares of Lamar Advertising Co that they owned while 77 funds have taken shares off the table. 29 funds have purchased shares for the first time while 117 added to their positions. These institutions now hold 79.68 million shares or 5.20% more than the 75.74 million shares they owned in 2015Q2.

The Fund Fairview Capital Investment Management Llc currently is holding shares equating to 6.06% of its total portfolio in Lamar Advertising Co representing a total of 1.32 million shares. Another fund,Chapter Iv Investors Llc, is holding a total of 251,755 shares equating to 4.59% of their holdings. Additionally, Hamlin Capital Management Llc has a 1.24 million share stake in Lamar Advertising Co which represents 3.56% of their total portfolio. The Fund, Giovine Capital Group Llc, based out of California, has also built up a stake in the stock, which represents a total of 3.55% of their total portfolio. Finally Fir Tree Inc., a fund which is based in the state of New York reported a total holdings of 2.78 million shares.

Lamar Advertising Company is an outdoor advertising firm in the United States. The company has a market cap of $5.58 billion. The Firm operates in the advertising segment. It has 16.34 P/E ratio. The Firm sells advertising on billboards, buses, shelters, benches and logo plates.

According to Zacks Investment Research, “Lamar Advertising Company is one of the largest and most experienced owners and operators of outdoor advertising structures in the United States. They also operate the largest logo sign business in the United States and transit advertising displays on bus shelters, bus benches and buses in several markets. Logo signs are signs located near highway exits which deliver brand name information on available gas, food, lodging and camping services.” Get a free copy of the Zacks research report on Lamar Advertising Co (LAMR).