Wells Fargo Keeps Their Hold Rating on Lamar Advertising (LAMR)

In a report released today, from Wells Fargo maintained a Hold rating on Lamar Advertising, with a price target of $136.00.

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Currently, the analyst consensus on Lamar Advertising is a Moderate Buy with an average price target of $142.00.

Based on Lamar Advertising’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $595.93 million and a net profit of $152.29 million. In comparison, last year the company earned a revenue of $579.57 million and had a GAAP net loss of $1.2 million

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LAMR in relation to earlier this year. Last month, Jay LeCoryelle Johnson, the CFO, Treasurer, EVP of LAMR sold 1,260.00 shares for a total of $173,325.60.