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

OUTFRONT Media Inc. (NYSE:OUT) has received a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat 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 1 year price target among brokers that have issued a report on the stock in the last year is $19.48.

A number of research analysts recently commented on OUT shares. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. StockNews.com cut OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Morgan Stanley raised 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. Finally, Barrington Research reiterated an “outperform” rating and issued a $21.53 target price on shares of OUTFRONT Media in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of OUTFRONT Media by 13.6% during the third quarter. FMR LLC now owns 6,711,791 shares of the financial services provider’s stock valued at $123,363,000 after purchasing an additional 803,292 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of OUTFRONT Media by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,054,331 shares of the financial services provider’s stock valued at $54,184,000 after purchasing an additional 15,455 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of OUTFRONT Media by 403.1% during the third quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider’s stock valued at $49,400,000 after purchasing an additional 2,153,423 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of OUTFRONT Media by 1.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,094,497 shares of the financial services provider’s stock valued at $37,156,000 after purchasing an additional 35,404 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of OUTFRONT Media by 79.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,001,402 shares of the financial services provider’s stock valued at $35,505,000 after purchasing an additional 886,605 shares in the last quarter.

OUTFRONT Media Stock Down 0.6 %

OUT stock opened at $18.85 on Friday. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.07 and a beta of 1.97. The business’s fifty day moving average price is $18.61 and its two-hundred day moving average price is $18.07. OUTFRONT Media has a fifty-two week low of $12.27 and a fifty-two week high of $19.50.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company had revenue of $451.90 million during the quarter, compared to the consensus estimate of $456.38 million. During the same quarter in the previous year, the business posted $0.47 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts anticipate that OUTFRONT Media will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th were given a $0.7688 dividend. The ex-dividend date was Friday, November 15th. OUTFRONT Media’s dividend payout ratio is presently 87.14%.

About OUTFRONT Media

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.