Lamar Advertising (LAMR) Receives a Hold from Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne maintained a Hold rating on Lamar Advertising (LAMRResearch Report) today and set a price target of $75. The company’s shares closed yesterday at $76.03.

According to TipRanks.com, Swinburne is a 5-star analyst with an average return of 11.2% and a 58.7% success rate. Swinburne covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Madison Square Garden Co, and Cinemark Holdings Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lamar Advertising with a $84 average price target.

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The company has a one-year high of $80.68 and a one-year low of $61.36. Currently, Lamar Advertising has an average volume of 468.9K.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. Last month, Keith Istre, the CFO of LAMR sold 20,791 shares for a total of $1,593,214.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Lamar Advertising Co. engages in advertising services. The firm leases space for advertising on billboards, buses, shelters, benches, logo plates and in airport terminals. It operates through the following advertising displays: billboards, logo signs, and transit advertising displays. The company was founded in 1902 and is headquartered in Baton Rouge, LA.

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