OUTFRONT Media Inc. (NYSE:OUT) Given Average Rating of “Hold” by Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Four 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 target among analysts that have issued a report on the stock in the last year is $19.00.

Several analysts have recently weighed in on OUT shares. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Barrington Research reaffirmed an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Wells Fargo & Company assumed coverage on shares of OUTFRONT Media in a research note on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price target on the stock. Finally, Morgan Stanley lifted their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th.

Hedge Funds Weigh In On OUTFRONT Media

Institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. acquired a new stake in shares of OUTFRONT Media in the third quarter valued at $32,000. Quarry LP boosted its stake 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 buying an additional 1,325 shares during the period. National Bank of Canada FI acquired a new position in shares of OUTFRONT Media during the second quarter worth about $28,000. Virtus Fund Advisers LLC acquired a new stake in OUTFRONT Media in the third quarter valued at approximately $49,000. Finally, GAMMA Investing LLC lifted its stake in OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 613 shares during the last quarter.

OUTFRONT Media Stock Performance

OUT opened at $17.17 on Monday. The firm has a market capitalization of $2.85 billion, a PE ratio of 12.53, a PEG 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 has a twelve month low of $12.27 and a twelve month high of $19.50. The firm’s 50-day moving average price is $18.35 and its 200 day moving average price is $17.27.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results 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 net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $451.90 million for the quarter, compared to analyst estimates of $456.38 million. During the same period in the previous year, the firm posted $0.46 EPS. The company’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that OUTFRONT Media will post 1.56 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 15th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, November 15th. OUTFRONT Media’s payout ratio is currently 87.59%.

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.