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

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received an average rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $19.00.

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barrington Research reissued an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th. Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley boosted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Quarry LP grew its position in OUTFRONT Media by 258.8% in the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,325 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of OUTFRONT Media in the second quarter valued at about $28,000. Harbor Capital Advisors Inc. acquired a new position in shares of OUTFRONT Media during the third quarter worth about $32,000. Virtus Fund Advisers LLC purchased a new position in OUTFRONT Media during the third quarter worth about $49,000. Finally, Quest Partners LLC lifted its position in OUTFRONT Media by 30.0% in the second 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 period.

OUTFRONT Media Stock Performance

Shares of OUT opened at $18.93 on Monday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.02 and a beta of 1.96. OUTFRONT Media has a 52-week low of $12.27 and a 52-week high of $19.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock has a 50 day moving average price of $18.32 and a 200 day moving average price of $17.34.

OUTFRONT Media (NYSE:OUT) last issued its 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 company had revenue of $451.90 million during the quarter, compared to analyst estimates of $456.38 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. Research analysts predict that OUTFRONT Media will post 1.56 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, November 15th. OUTFRONT Media’s dividend payout ratio 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.