Lamar Advertising Reaches New 52-Week High (LAMR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Lamar Advertising (Nasdaq: LAMR) hit a new 52-week high Friday as it is currently trading at $49.18, above its previous 52-week high of $48.87 with 91,455 shares traded as of 10:20 a.m. ET. Average volume has been 793,700 shares over the past 30 days.

Lamar Advertising has a market cap of $3.74 billion and is part of the services sector and media industry. Shares are up 21.7% year to date as of the close of trading on Thursday.

Lamar Advertising Company operates as an outdoor advertising company in the United States. The company has a P/E ratio of 471.7, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Lamar Advertising as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Lamar Advertising Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.