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

OUTFRONT Media Inc. (NYSE:OUT) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.00.

Several analysts recently issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Morgan Stanley lifted their price objective 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.

Hedge Funds Weigh In On OUTFRONT Media

Several institutional investors have recently bought and sold shares of OUT. Harbor Capital Advisors Inc. bought a new stake in shares of OUTFRONT Media in the 3rd quarter worth about $32,000. Quarry LP increased its stake in OUTFRONT Media by 258.8% during 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 during the second quarter valued at approximately $28,000. Virtus Fund Advisers LLC bought a new stake in shares of OUTFRONT Media in the 3rd quarter valued at approximately $49,000. Finally, GAMMA Investing LLC boosted its holdings in shares of OUTFRONT Media by 19.3% in the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 613 shares during the period.

OUTFRONT Media Trading Up 7.3 %

OUTFRONT Media stock opened at $18.93 on Monday. OUTFRONT Media has a 12-month low of $12.27 and a 12-month high of $19.50. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.02 and a beta of 1.96. The firm has a 50 day moving average of $18.32 and a 200 day moving average of $17.38. 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 (NYSE:OUT) last announced its quarterly earnings data 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 firm had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. As a group, research analysts predict that OUTFRONT Media will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 15th were issued a $0.75 dividend. The ex-dividend date 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.