OUTFRONT Media (NYSE:OUT) Now Covered by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company assumed coverage on shares of OUTFRONT Media (NYSE:OUT) in a research note issued to investors on Thursday, StockNewsAPI reports. The firm set an “overweight” rating and a $22.00 price target on the financial services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 24.68% from the company’s current price.

Several other equities research analysts have also weighed in on OUT. JPMorgan Chase & Co. increased their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen initiated coverage on shares of OUTFRONT Media in a research note on Tuesday, July 16th. They set a “hold” rating and a $16.00 price objective on the stock. StockNews.com upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Finally, Barrington Research raised their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

OUTFRONT Media Price Performance

OUT opened at $17.65 on Thursday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of -6.63, a price-to-earnings-growth ratio of 1.10 and a beta of 1.94. OUTFRONT Media has a fifty-two week low of $8.18 and a fifty-two week high of $18.15. The company’s 50-day moving average price is $16.03 and its 200 day moving average price is $15.42. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.71.

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, topping the consensus estimate of $0.41 by $0.60. The firm had revenue of $477.30 million for the quarter, compared to analyst estimates of $482.27 million. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. OUTFRONT Media’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. As a group, sell-side analysts expect that OUTFRONT Media will post 1.53 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Land & Buildings Investment Management LLC bought a new stake in OUTFRONT Media during the second quarter worth approximately $22,724,000. DAVENPORT & Co LLC raised its stake in shares of OUTFRONT Media by 145.8% in the 1st quarter. DAVENPORT & Co LLC now owns 1,720,884 shares of the financial services provider’s stock worth $28,825,000 after buying an additional 1,020,719 shares in the last quarter. Norges Bank acquired a new stake in shares of OUTFRONT Media in the fourth quarter valued at $13,779,000. Cove Street Capital LLC boosted its stake in OUTFRONT Media by 250.2% during the fourth quarter. Cove Street Capital LLC now owns 841,279 shares of the financial services provider’s stock valued at $11,744,000 after buying an additional 601,079 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its holdings in OUTFRONT Media by 17.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock worth $47,733,000 after acquiring an additional 419,706 shares during the period.

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.