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

OUTFRONT Media Inc. (NYSE:OUT) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $19.00.

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

OUTFRONT Media Stock Down 0.4 %

OUT stock opened at $18.05 on Thursday. OUTFRONT Media has a 1-year low of $12.27 and a 1-year high of $19.50. The stock has a market cap of $3.00 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.20 and a beta of 1.97. The stock’s fifty day simple moving average is $18.58 and its two-hundred day simple moving average is $16.91. 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 posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.20). The company 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 quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. Analysts expect that OUTFRONT Media will post 1.56 EPS for the current year.

OUTFRONT Media Cuts Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be given 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%.

Hedge Funds Weigh In On OUTFRONT Media

Hedge funds have recently bought and sold shares of the company. Quarry LP lifted its stake in 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 in the last quarter. National Bank of Canada FI bought a new position in shares of OUTFRONT Media in the second quarter worth $28,000. Harbor Capital Advisors Inc. purchased a new stake in shares of OUTFRONT Media in the third quarter worth $32,000. Virtus Fund Advisers LLC bought a new stake in OUTFRONT Media during the third quarter valued at $49,000. Finally, Quest Partners LLC grew 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 worth $62,000 after buying an additional 994 shares in the last quarter.

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.