OUTFRONT Media Inc. (NYSE:OUT) Receives $19.00 Consensus Target Price from Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $19.00.

Several analysts have recently issued reports on OUT shares. Barrington Research reiterated an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Morgan Stanley boosted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Wednesday. StockNews.com downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company assumed coverage on OUTFRONT Media in a research note on Thursday, September 19th. They set an “overweight” rating and a $22.00 target price on the stock.

OUTFRONT Media Stock Up 3.4 %

Shares of NYSE:OUT opened at $18.18 on Thursday. The business has a fifty day simple moving average of $18.61 and a 200 day simple moving average of $16.83. OUTFRONT Media has a 12-month low of $12.27 and a 12-month high of $19.50. The firm has a market cap of $3.02 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.20 and a beta of 1.96. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.20). The company had revenue of $451.90 million for the quarter, compared to analyst estimates of $456.38 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. Analysts predict that OUTFRONT Media will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is 87.59%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OUT. Quarry LP raised its holdings in shares of OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,325 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of OUTFRONT Media in the second quarter valued at about $28,000. Harbor Capital Advisors Inc. purchased a new position in shares of OUTFRONT Media in the third quarter worth about $32,000. Virtus Fund Advisers LLC acquired a new position in OUTFRONT Media in the 3rd quarter worth approximately $49,000. Finally, Quest Partners LLC lifted its stake in OUTFRONT Media by 30.0% during the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 994 shares during the period.

About OUTFRONT Media

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.