Commonwealth Equity Services LLC buys 589 shares of Lamar Advertising
October 21, 2022
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Lamar Advertising Stock Fair Value – Lamar Advertising ($NASDAQ:LAMR) Company is an American outdoor advertising company. Commonwealth Equity Services LLC has recently bought 589 shares of Lamar Advertising.
Lamar Advertising attributed this growth to an increase in digital revenue, which grew by 27%. Lamar Advertising is a leader in the outdoor advertising industry and is well-positioned to continue its growth.
Stock Price
The move comes as media sentiment surrounding the company has been mostly positive. On Wednesday, Lamar Advertising stock opened at $88.0 and closed at $87.0, down by 1.9% from prior closing price of 88.7. With the current positive media sentiment, it is likely that other investors will follow suit, leading to an increase in the stock price.
VI Analysis – Lamar Advertising Stock Fair Value
Lamar Advertising‘s fundamentals reflect its long term potential. The intrinsic value of its shares is around $119.2, calculated by VI Line. Now it is traded at $87.0, undervalued by 27%.
VI Peers
In the world of advertising, Lamar Advertising Co and its competitors are constantly vying for the top spot. Outfront Media Inc, Derwent London PLC, Great Portland Estates PLC are all major players in the industry, and each company has its own unique strengths and weaknesses. Lamar Advertising Co has been able to stay ahead of the competition by constantly innovating and adapting to the ever-changing landscape of the advertising world.
– Outfront Media Inc ($NYSE:OUT)
Outfront Media Inc is a publicly traded company that owns and operates billboard advertising space in the United States and Canada. The company was founded in 2006 and is headquartered in New York City. As of December 31, 2020, Outfront Media owned and operated approximately 148,000 billboard advertising displays.
– Derwent London PLC ($LSE:DLN)
As of 2022, Derwent London PLC has a market cap of 2.2B. The company focuses on the regeneration of areas within Central London.
– Great Portland Estates PLC ($LSE:GPE)
As of 2022, Great Portland Estates PLC has a market cap of 1.16B. The company is a real estate investment trust that focuses on properties in and around London.
Summary
Investing in Lamar Advertising can be a wise move, as the company has a strong history of financial success. Lamar Advertising is one of the largest outdoor advertising companies in the world, and it has a proven track record of generating consistent profits. The company owns and operates billboards, digital displays, and other forms of out-of-home advertising, and it has a vast network of locations across the United States. Lamar Advertising is a publicly traded company, and its shares are listed on the Nasdaq stock exchange.
