Lamar Advertising Reaches Key Benchmark With Relative Strength Rating Upgrade

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Lamar Advertising ($NASDAQ:LAMR) Cl A has recently achieved a major milestone with a Relative Strength Rating Upgrade, reaching a key benchmark in the stock market. The company offers a wide range of services, including billboard, transit, and airport advertising services. Lamar Advertising offers both traditional and digital solutions, allowing it to reach customers in the most impactful way possible. The company’s stock has now reached a relative strength rating upgrade, meaning that its stock is performing better than its peers in the market.

This upgrade is a testament to the company’s strong financial performance during a challenging economic period. Lamar Advertising has seen steady growth in revenue and profits, driving its stock up significantly over the last year. With this rating upgrade, the company is now well-positioned to capitalize on further growth opportunities in the future.

Share Price

This rating upgrade comes after the stock opened at $103.3 and closed at $105.0, representing a 1.3% increase from the previous closing price of 103.7. This upgrade provides an additional measure of confidence in the stock’s ability to outperform the markets. Furthermore, it is reflective of the improving sentiment in the markets for advertising and media services provided by Lamar Advertising. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Lamar Advertising. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Lamar Advertising. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Lamar Advertising. More…

Key Ratios Snapshot

Some of the financial key ratios for Lamar Advertising are shown below. More…

Analysis

GoodWhale conducted an analysis of LAMAR ADVERTISING‘s wellbeing using the GoodWhale Star Chart. The Star Chart gave LAMAR ADVERTISING an intermediate health score of 6/10. This score indicates that the company may have sufficient cashflows and debt to safely ride out any crisis without the risk of bankruptcy. The analysis also revealed that LAMAR ADVERTISING is strong in dividend, medium in asset, profitability and weak in growth. This lead GoodWhale to classify the company as a ‘cow’, a type of company which has the track record of paying out consistent and sustainable dividends. This makes LAMAR ADVERTISING an attractive option for investors who are looking for stable and reliable returns. More…

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

Lamar Advertising Co. Class A (NASDAQ: LAMR) recently earned a Relative Strength Rating upgrade from Investor’s Business Daily. With strong fundamentals and technicals in place, investors should consider investing in Lamar Advertising.