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

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

OUT has been the subject of several research reports. Morgan Stanley raised their target price 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. Barrington Research restated an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note 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. Wells Fargo & Company began coverage on OUTFRONT Media in a research note on Thursday, September 19th. They set an “overweight” rating and a $22.00 price target for the company. Finally, StockNews.com downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th.

OUTFRONT Media Stock Performance

Shares of OUT opened at $17.40 on Monday. 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 stock has a 50-day moving average of $18.30 and a 200-day moving average of $17.31. The company has a market cap of $2.89 billion, a PE ratio of 12.70, a P/E/G ratio of 1.20 and a beta of 1.96. OUTFRONT Media has a one year low of $12.27 and a one year high of $19.50.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.20). The firm 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 business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, equities research analysts predict that OUTFRONT Media will post 1.56 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, November 15th. OUTFRONT Media’s payout ratio is presently 87.59%.

Hedge Funds Weigh In On OUTFRONT Media

A number of hedge funds and other institutional investors have recently modified their holdings of OUT. JPMorgan Chase & Co. boosted its stake in shares of OUTFRONT Media by 403.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider’s stock worth $49,400,000 after buying an additional 2,153,423 shares during the last quarter. Land & Buildings Investment Management LLC bought a new stake in shares of OUTFRONT Media in the 2nd quarter worth approximately $22,724,000. Point72 Asset Management L.P. bought a new stake in shares of OUTFRONT Media in the 3rd quarter worth approximately $24,552,000. FMR LLC raised its holdings in shares of OUTFRONT Media by 13.6% in the 3rd quarter. FMR LLC now owns 6,711,791 shares of the financial services provider’s stock worth $123,363,000 after purchasing an additional 803,292 shares during the period. Finally, DigitalBridge Group Inc. raised its holdings in shares of OUTFRONT Media by 11.7% in the 2nd quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider’s stock worth $44,703,000 after purchasing an additional 327,125 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.