OUTFRONT Media (NYSE:OUT) Price Target Raised to $18.00 at Morgan Stanley

OUTFRONT Media (NYSE:OUT) had its price target hoisted by analysts at Morgan Stanley from $17.00 to $18.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 2.33% from the company’s current price.

Several other research analysts have also weighed in on OUT. Barrington Research reissued an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Wells Fargo & Company started coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price on the stock. StockNews.com lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, Wolfe Research downgraded shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, OUTFRONT Media has an average rating of “Hold” and an average target price of $19.00.

OUTFRONT Media Price Performance

OUT stock opened at $17.59 on Wednesday. OUTFRONT Media has a one year low of $12.27 and a one year high of $19.50. The firm has a 50-day moving average of $18.62 and a two-hundred day moving average of $16.79. The firm has a market capitalization of $2.92 billion, a PE ratio of 12.84, a P/E/G ratio of 1.20 and a beta of 1.96. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00.

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

Institutional Investors Weigh In On OUTFRONT Media

Several institutional investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its position in OUTFRONT Media by 39,437.3% during the third quarter. Asset Management One Co. Ltd. now owns 196,896 shares of the financial services provider’s stock valued at $3,619,000 after acquiring an additional 196,398 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of OUTFRONT Media by 48.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider’s stock worth $10,174,000 after purchasing an additional 232,300 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of OUTFRONT Media by 30.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 650,000 shares of the financial services provider’s stock valued at $9,295,000 after purchasing an additional 150,000 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of OUTFRONT Media in the 3rd quarter valued at $5,762,000. Finally, Edgestream Partners L.P. bought a new stake in OUTFRONT Media in the second quarter worth $1,293,000.

OUTFRONT Media Company Profile

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.