OUTFRONT Media (NYSE:OUT) Hits New 12-Month High – Still a Buy?

OUTFRONT Media Inc. (NYSE:OUT)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $20.00 and last traded at $18.66, with a volume of 220 shares traded. The stock had previously closed at $18.48.

Analyst Ratings Changes

OUT has been the topic of several analyst reports. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Barrington Research reaffirmed an “outperform” rating and issued a $21.53 price target on shares of OUTFRONT Media in a report on Wednesday, November 13th. Morgan Stanley raised their price objective on shares of OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Finally, Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.48.

OUTFRONT Media Stock Up 2.1 %

The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.09 and a beta of 1.97. The firm’s 50-day moving average price is $18.52 and its 200-day moving average price is $18.18.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OUT. FMR LLC boosted its position in shares of OUTFRONT Media by 132.5% in the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider’s stock worth $276,819,000 after buying an additional 8,892,411 shares during the period. JPMorgan Chase & Co. boosted its holdings in OUTFRONT Media by 403.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider’s stock worth $49,400,000 after acquiring an additional 2,153,423 shares during the period. Point72 Asset Management L.P. purchased a new position in OUTFRONT Media in the 3rd quarter worth approximately $24,552,000. Bank of New York Mellon Corp grew its position in OUTFRONT Media by 79.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,001,402 shares of the financial services provider’s stock valued at $35,505,000 after acquiring an additional 886,605 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of OUTFRONT Media by 145.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,472,416 shares of the financial services provider’s stock valued at $26,121,000 after purchasing an additional 873,484 shares during the period.

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.