OUTFRONT Media (NYSE:OUT) Upgraded by StockNews.com to Buy

OUTFRONT Media (NYSE:OUT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Wells Fargo & Company initiated coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price for the company. Barrington Research increased their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Finally, TD Cowen initiated coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, OUTFRONT Media has an average rating of “Moderate Buy” and a consensus target price of $18.50.

OUTFRONT Media Stock Up 0.3 %

Shares of NYSE:OUT opened at $19.14 on Friday. The company’s fifty day moving average is $17.35 and its two-hundred day moving average is $15.77. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of -7.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.67 and a current ratio of 0.67. OUTFRONT Media has a 1-year low of $9.00 and a 1-year high of $19.33.

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

Hedge Funds Weigh In On OUTFRONT Media

Several large investors have recently made changes to their positions in OUT. DigitalBridge Group Inc. lifted its stake in OUTFRONT Media by 11.7% during the second quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider’s stock valued at $44,703,000 after buying an additional 327,125 shares in the last quarter. Wellington Management Group LLP lifted its stake in OUTFRONT Media by 6.0% during the fourth quarter. Wellington Management Group LLP now owns 3,027,771 shares of the financial services provider’s stock valued at $42,268,000 after buying an additional 170,744 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its stake in OUTFRONT Media by 17.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock valued at $47,733,000 after buying an additional 419,706 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in OUTFRONT Media by 10.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider’s stock valued at $30,567,000 after buying an additional 210,208 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in OUTFRONT Media by 145.8% during the first quarter. DAVENPORT & Co LLC now owns 1,720,884 shares of the financial services provider’s stock valued at $28,825,000 after buying an additional 1,020,719 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.