Barrington Research Reaffirms “Outperform” Rating for OUTFRONT Media (NYSE:OUT)

OUTFRONT Media (NYSE:OUT)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a research note issued on Wednesday,Benzinga reports. They presently have a $21.00 price objective on the financial services provider’s stock. Barrington Research’s price objective indicates a potential upside of 12.36% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. TD Cowen started coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They set a “hold” rating and a $16.00 target price for the company. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Wells Fargo & Company began coverage on OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, OUTFRONT Media presently has an average rating of “Hold” and a consensus price target of $19.25.

OUTFRONT Media Trading Down 0.1 %

Shares of OUT opened at $18.69 on Wednesday. The firm’s 50-day moving average is $18.04 and its two-hundred day moving average is $16.10. OUTFRONT Media has a twelve month low of $11.98 and a twelve month high of $19.33. The company has a current ratio of 0.65, a quick ratio of 0.67 and a debt-to-equity ratio of 4.00. The firm has a market capitalization of $3.10 billion, a P/E ratio of 13.58, a PEG ratio of 1.20 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.20). The firm had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $456.38 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. On average, research analysts predict that OUTFRONT Media will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OUTFRONT Media

Several institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new stake in OUTFRONT Media in the 3rd quarter worth about $32,000. Quarry LP boosted its position 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 acquiring an additional 1,325 shares during the last quarter. National Bank of Canada FI purchased a new stake in OUTFRONT Media in the second quarter valued at approximately $28,000. Quest Partners LLC increased its position in OUTFRONT Media by 30.0% during the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 994 shares during the last quarter. Finally, CWM LLC increased its position in OUTFRONT Media by 18.5% during the third quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 1,199 shares during the last quarter.

OUTFRONT Media Company Profile

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.