Brokerages Set OUTFRONT Media Inc. (NYSE:OUT) Price Target at $18.50

Shares of OUTFRONT Media Inc. (NYSE:OUT) have earned an average recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of research firms recently issued reports on OUT. JPMorgan Chase & Co. lifted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. TD Cowen assumed coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They set a “hold” rating and a $16.00 target price on the stock. 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. Finally, 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 price objective for the company.

Institutional Trading of OUTFRONT Media

A number of institutional investors have recently modified their holdings of OUT. Dark Forest Capital Management LP raised its position in shares of OUTFRONT Media by 3.0% in the 2nd quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider’s stock valued at $359,000 after buying an additional 738 shares in the last quarter. Quest Partners LLC increased its stake in OUTFRONT Media by 30.0% in the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 994 shares during the last quarter. CWM LLC raised its position in OUTFRONT Media by 18.5% during the third quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 1,199 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in OUTFRONT Media by 5.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of OUTFRONT Media by 0.6% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 206,715 shares of the financial services provider’s stock valued at $3,799,000 after purchasing an additional 1,235 shares in the last quarter.

OUTFRONT Media Stock Performance

Shares of OUT opened at $17.76 on Wednesday. The firm has a market cap of $2.95 billion, a P/E ratio of 14.17, a PEG ratio of 1.19 and a beta of 1.94. OUTFRONT Media has a twelve month low of $10.13 and a twelve month high of $19.33. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50 day moving average price is $17.82 and its two-hundred day moving average price is $15.92.

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

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.76%. OUTFRONT Media’s payout ratio is presently 94.49%.

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.