OUTFRONT Media (NYSE:OUT) Receives Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of OUTFRONT Media (NYSE:OUT) in a report issued on Wednesday morning,Benzinga reports. They currently have a $21.00 price target on the financial services provider’s stock.

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

OUTFRONT Media Stock Up 2.0 %

Shares of NYSE OUT opened at $18.70 on Wednesday. The company has a 50 day simple moving average of $18.04 and a 200 day simple moving average of $16.10. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.67. OUTFRONT Media has a 1 year low of $11.59 and a 1 year high of $19.33. The firm has a market cap of $3.10 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94.

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

OUTFRONT Media Cuts Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio is presently 87.59%.

Institutional Investors Weigh In On OUTFRONT Media

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dark Forest Capital Management LP increased its position in OUTFRONT Media by 3.0% in the 2nd quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider’s stock valued at $359,000 after buying an additional 738 shares in the last quarter. Quest Partners LLC increased its holdings in shares of 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 acquiring an additional 994 shares in the last quarter. CWM LLC raised its position in shares of 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 period. Oppenheimer Asset Management Inc. lifted its holdings in shares of OUTFRONT Media by 5.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its position in OUTFRONT Media by 0.6% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 206,715 shares of the financial services provider’s stock valued at $3,799,000 after purchasing an additional 1,235 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.