OUTFRONT Media Inc. (NYSE:OUT) Receives $19.48 Average PT from Brokerages

OUTFRONT Media Inc. (NYSE:OUT) has been given a consensus rating of “Hold” by the six analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.48.

A number of equities analysts have commented on the company. Morgan Stanley increased their target price on OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Barrington Research reissued an “outperform” rating and set a $21.53 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $17.81 on Tuesday. The stock has a market cap of $2.89 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.06 and a beta of 1.97. The business has a 50-day simple moving average of $18.41 and a 200-day simple moving average of $18.48. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media has a 52-week low of $13.35 and a 52-week high of $19.50.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $490.42 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. On average, equities analysts expect that OUTFRONT Media will post 1.59 EPS for the current year.

OUTFRONT Media Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.74%. OUTFRONT Media’s payout ratio is currently 81.63%.

Institutional Investors Weigh In On OUTFRONT Media

Large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new stake in shares of OUTFRONT Media in the third quarter valued at approximately $32,000. Loomis Sayles & Co. L P purchased a new stake in shares of OUTFRONT Media in the fourth quarter valued at approximately $47,000. Virtus Fund Advisers LLC purchased a new position in OUTFRONT Media in the third quarter worth approximately $49,000. Sterling Capital Management LLC grew its position in OUTFRONT Media by 672.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,522 shares during the period. Finally, GAMMA Investing LLC grew its position in OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 613 shares during the period.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.