OUTFRONT Media (NYSE:OUT) Now Covered by Analysts at Wells Fargo & Company

Investment analysts at Wells Fargo & Company started coverage on shares of OUTFRONT Media (NYSE:OUT) in a report released on Thursday, StockNewsAPI reports. The brokerage set an “overweight” rating and a $22.00 price target on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 24.68% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. StockNews.com raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Barrington Research upped their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. upped their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, TD Cowen started coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They set a “hold” rating and a $16.00 price target for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.20.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $17.65 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71. The company has a market cap of $2.93 billion, a PE ratio of -6.63, a P/E/G ratio of 1.10 and a beta of 1.94. The company’s fifty day simple moving average is $16.03 and its 200-day simple moving average is $15.42. OUTFRONT Media has a 52 week low of $8.18 and a 52 week high of $18.15.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The firm had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $482.27 million. During the same period in the prior year, the company earned $0.47 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that OUTFRONT Media will post 1.53 EPS for the current year.

Hedge Funds Weigh In On OUTFRONT Media

A number of institutional investors have recently added to or reduced their stakes in OUT. Quarry LP lifted its holdings 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 buying an additional 1,325 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of OUTFRONT Media in the 2nd quarter valued at about $28,000. Riverview Trust Co acquired a new stake in shares of OUTFRONT Media in the 1st quarter valued at about $33,000. Quest Partners LLC raised its stake in shares of OUTFRONT Media by 30.0% in the 2nd 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of OUTFRONT Media by 105.2% in the 1st quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,973 shares in the last quarter.

About OUTFRONT Media

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.