OUTFRONT Media (NYSE:OUT) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

OUTFRONT Media Inc. (NYSE:OUT)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.42 and traded as low as $16.08. OUTFRONT Media shares last traded at $16.29, with a volume of 971,628 shares.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their target price on OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.48.

OUTFRONT Media Price Performance

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’s 50-day moving average price is $17.91 and its 200-day moving average price is $18.42. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.06 and a beta of 2.00.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate 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%. Equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 7.37%. OUTFRONT Media’s payout ratio is presently 81.63%.

Hedge Funds Weigh In On OUTFRONT Media

Several hedge funds have recently added to or reduced their stakes in OUT. Loomis Sayles & Co. L P bought a new position in shares of OUTFRONT Media during the fourth quarter worth $47,000. Virtus Fund Advisers LLC acquired a new stake in OUTFRONT Media during the 3rd quarter worth $49,000. Sterling Capital Management LLC lifted its holdings in OUTFRONT Media by 672.5% during 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 in the last quarter. GAMMA Investing LLC grew its stake 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 valued at $67,000 after acquiring an additional 613 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of OUTFRONT Media by 155.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 2,555 shares during the period.

About OUTFRONT Media

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.