Analysts Set OUTFRONT Media Inc. (NYSE:OUT) PT at $18.50

Shares of OUTFRONT Media Inc. (NYSE:OUT) have earned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $18.50.

OUT has been the topic of several research reports. TD Cowen started coverage on OUTFRONT Media in a report on Tuesday, July 16th. They set a “hold” rating and a $16.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th.

OUTFRONT Media Stock Performance

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

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

OUTFRONT Media Announces Dividend

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

Institutional Trading of OUTFRONT Media

A number of large investors have recently bought and sold shares of OUT. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of OUTFRONT Media by 23.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,927,340 shares of the financial services provider’s stock worth $32,360,000 after buying an additional 371,978 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in OUTFRONT Media in the first quarter worth $210,000. Private Advisor Group LLC increased its stake in OUTFRONT Media by 32.4% in the first quarter. Private Advisor Group LLC now owns 28,418 shares of the financial services provider’s stock valued at $477,000 after purchasing an additional 6,950 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of OUTFRONT Media by 51.9% during the first quarter. BNP Paribas Financial Markets now owns 375,690 shares of the financial services provider’s stock valued at $6,308,000 after purchasing an additional 128,343 shares during the period. Finally, DAVENPORT & Co LLC boosted its position in shares of OUTFRONT Media by 145.8% during the 1st quarter. DAVENPORT & Co LLC now owns 1,720,884 shares of the financial services provider’s stock worth $28,825,000 after purchasing an additional 1,020,719 shares in the last quarter.

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.