Brokerages Set OUTFRONT Media Inc. (NYSE:OUT) PT at $19.00

OUTFRONT Media Inc. (NYSE:OUT) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.00.

OUT has been the subject of several research reports. Morgan Stanley lifted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Wednesday. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barrington Research restated an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Wells Fargo & Company began coverage on OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 target price for the company. Finally, Wolfe Research downgraded shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th.

Hedge Funds Weigh In On OUTFRONT Media

A number of large investors have recently modified their holdings of OUT. Harbor Capital Advisors Inc. acquired a new stake in OUTFRONT Media during the third quarter worth about $32,000. Quarry LP boosted its holdings in shares of OUTFRONT Media by 258.8% in the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares in the last quarter. National Bank of Canada FI bought a new position in shares of OUTFRONT Media in the 2nd quarter valued at $28,000. Virtus Fund Advisers LLC bought a new stake in shares of OUTFRONT Media during the 3rd quarter worth $49,000. Finally, Quest Partners LLC boosted 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 buying an additional 994 shares in the last quarter.

OUTFRONT Media Price Performance

NYSE:OUT opened at $18.18 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock has a 50 day moving average of $18.61 and a two-hundred day moving average of $16.83. The firm has a market cap of $3.02 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.96. OUTFRONT Media has a 12 month low of $12.27 and a 12 month high of $19.50.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.20). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The company had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $456.38 million. During the same period last year, the firm posted $0.46 earnings per share. OUTFRONT Media’s revenue was down .6% on a year-over-year basis. On average, analysts expect that OUTFRONT Media will post 1.56 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be given a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio is currently 87.59%.

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.