OUTFRONT Media (NYSE:OUT) Price Target Raised to $18.00 at Morgan Stanley

OUTFRONT Media (NYSE:OUT) had its price target raised by analysts at Morgan Stanley from $17.00 to $18.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price would suggest a potential downside of 1.80% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Barrington Research restated an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. StockNews.com downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company began coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, OUTFRONT Media has an average rating of “Hold” and a consensus target price of $19.00.

OUTFRONT Media Stock Performance

Shares of NYSE OUT traded down $0.03 during mid-day trading on Wednesday, reaching $18.33. 527,723 shares of the company’s stock were exchanged, compared to its average volume of 1,784,931. OUTFRONT Media has a 52 week low of $12.27 and a 52 week high of $19.50. 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 firm has a 50-day moving average price of $18.64 and a two-hundred day moving average price of $16.78. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.20 and a beta of 1.96.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share 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 the consensus estimate of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Analysts predict that OUTFRONT Media will post 1.56 EPS for the current year.

Hedge Funds Weigh In On OUTFRONT Media

Several institutional investors have recently bought and sold shares of the stock. Quarry LP boosted its holdings in shares of OUTFRONT Media by 258.8% in the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,325 shares during the period. National Bank of Canada FI purchased a new stake in shares of OUTFRONT Media in the second quarter valued at $28,000. Harbor Capital Advisors Inc. purchased a new stake in shares of OUTFRONT Media in the third quarter valued at $32,000. Virtus Fund Advisers LLC purchased a new position in shares of OUTFRONT Media during the 3rd quarter worth about $49,000. Finally, Quest Partners LLC grew its holdings in OUTFRONT Media by 30.0% during the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 994 shares during the last quarter.

About OUTFRONT Media

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.