OUTFRONT Media Inc. (NYSE:OUT) Receives Average Recommendation of “Hold” from Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been given a consensus recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.48.

OUT has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Barrington Research reissued an “outperform” rating and issued a $21.53 target price on shares of OUTFRONT Media in a research note on Wednesday, November 13th.

Institutional Investors Weigh In On OUTFRONT Media

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position in shares of OUTFRONT Media by 132.5% in the 4th quarter. FMR LLC now owns 15,604,202 shares of the financial services provider’s stock worth $276,819,000 after purchasing an additional 8,892,411 shares during the last quarter. Cohen & Steers Inc. boosted its position in shares of OUTFRONT Media by 87.8% in the 4th quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider’s stock worth $93,015,000 after purchasing an additional 2,450,632 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of OUTFRONT Media by 403.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider’s stock worth $49,400,000 after purchasing an additional 2,153,423 shares during the last quarter. Benchstone Capital Management LP bought a new position in shares of OUTFRONT Media in the 4th quarter worth $29,038,000. Finally, LSV Asset Management boosted its position in shares of OUTFRONT Media by 6,623.5% in the 4th quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider’s stock worth $28,302,000 after purchasing an additional 1,571,634 shares during the last quarter.

OUTFRONT Media Stock Down 0.4 %

NYSE OUT opened at $18.53 on Tuesday. The firm has a market cap of $3.00 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 1.06 and a beta of 1.97. OUTFRONT Media has a one year low of $13.35 and a one year high of $19.50. The stock’s 50 day simple moving average is $18.43 and its 200 day simple moving average is $18.45. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $493.20 million for the quarter, compared to analyst estimates of $490.42 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. As a group, sell-side analysts forecast that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 6.48%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 81.63%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.