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

OUTFRONT Media Inc. (NYSE:OUT) has received an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $18.50.

Several brokerages recently weighed in on OUT. Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. StockNews.com downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company initiated coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective for the company. Barrington Research raised their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. boosted their price target on OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st.

Institutional Investors Weigh In On OUTFRONT Media

Hedge funds have recently bought and sold shares of the company. Land & Buildings Investment Management LLC bought a new position in shares of OUTFRONT Media in the second quarter worth about $22,724,000. DAVENPORT & Co LLC increased its position in 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 during the period. Lasalle Investment Management Securities LLC lifted its holdings in shares of 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 buying an additional 419,706 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of OUTFRONT Media by 23.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,927,340 shares of the financial services provider’s stock valued at $32,360,000 after acquiring an additional 371,978 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in shares of OUTFRONT Media by 216.1% in the first quarter. First Eagle Investment Management LLC now owns 479,191 shares of the financial services provider’s stock worth $8,046,000 after acquiring an additional 327,584 shares during the last quarter.

OUTFRONT Media Trading Up 0.1 %

NYSE OUT opened at $17.77 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71. OUTFRONT Media has a 1-year low of $10.13 and a 1-year high of $19.33. The firm’s fifty day simple moving average is $17.84 and its 200-day simple moving average is $15.95. The company has a market capitalization of $2.95 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.16 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last issued its earnings results 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 company had revenue of $477.30 million for the quarter, compared to analyst estimates of $482.27 million. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that OUTFRONT Media will post 1.53 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.30 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.20 annualized dividend and a yield of 6.75%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 94.49%.

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.