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

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received an average rating of “Hold” from the four brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $16.00.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Barrington Research boosted their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. TD Cowen began coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price on the stock. Finally, StockNews.com raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Friday, August 30th.

OUTFRONT Media Trading Up 2.9 %

Shares of NYSE OUT opened at $17.64 on Tuesday. OUTFRONT Media has a fifty-two week low of $8.18 and a fifty-two week high of $17.75. The firm has a market capitalization of $2.93 billion, a P/E ratio of -6.63, a P/E/G ratio of 1.10 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. The company’s 50 day simple moving average is $15.91 and its 200 day simple moving average is $15.38.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that OUTFRONT Media will post 1.53 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Friday, September 6th. OUTFRONT Media’s payout ratio is currently -45.11%.

Institutional Investors Weigh In On OUTFRONT Media

Several large investors have recently made changes to their positions in the stock. Dark Forest Capital Management LP boosted its stake in OUTFRONT Media by 3.0% in the 2nd quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 738 shares during the period. Schnieders Capital Management LLC boosted its position in shares of OUTFRONT Media by 5.3% during the first quarter. Schnieders Capital Management LLC now owns 16,000 shares of the financial services provider’s stock worth $269,000 after buying an additional 800 shares during the period. Quest Partners LLC boosted its position in shares of OUTFRONT Media by 30.0% during the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after buying an additional 994 shares during the period. Gabelli Funds LLC grew its holdings in shares of OUTFRONT Media by 1.1% during the fourth quarter. Gabelli Funds LLC now owns 88,500 shares of the financial services provider’s stock worth $1,235,000 after buying an additional 1,000 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in OUTFRONT Media by 5.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 1,220 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.