OUTFRONT Media Inc. (NYSE:OUT) Receives $19.00 Average PT from Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.00.

A number of equities research analysts have issued reports on OUT shares. Wells Fargo & Company started coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 target price on the stock. Barrington Research reissued an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th. Wolfe Research cut shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Morgan Stanley boosted their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, StockNews.com lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new stake in OUTFRONT Media during the second quarter valued at about $28,000. Quest Partners LLC boosted 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 valued at $62,000 after buying an additional 994 shares during the period. Oppenheimer Asset Management Inc. boosted its position in OUTFRONT Media by 5.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock valued at $332,000 after buying an additional 1,220 shares during the period. Renaissance Technologies LLC boosted its position in OUTFRONT Media by 113.1% during the second quarter. Renaissance Technologies LLC now owns 339,200 shares of the financial services provider’s stock valued at $4,851,000 after buying an additional 180,000 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in OUTFRONT Media during the second quarter valued at about $1,293,000.

OUTFRONT Media Trading Up 1.2 %

NYSE:OUT opened at $17.40 on Monday. The firm’s 50 day moving average is $18.30 and its 200 day moving average is $17.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media has a 12 month low of $12.27 and a 12 month high of $19.50. The stock has a market capitalization of $2.89 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.20 and a beta of 1.96.

OUTFRONT Media (NYSE:OUT) last issued 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). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. During the same period in the previous year, the firm earned $0.46 EPS. The company’s revenue was down .6% compared to the same quarter last year. Sell-side analysts expect that OUTFRONT Media will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The business also recently announced a special dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 15th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 87.59%.

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.