OUTFRONT Media Inc. (NYSE:OUT) Receives $19.00 Consensus Target Price from Brokerages

OUTFRONT Media Inc. (NYSE:OUT) has earned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $19.00.

A number of research firms recently issued reports on OUT. Wells Fargo & Company began coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They set an “overweight” rating and a $22.00 target price on the stock. Morgan Stanley upped their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Barrington Research reissued an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. Finally, StockNews.com downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in OUTFRONT Media by 653.3% during the third quarter. Franklin Resources Inc. now owns 229,872 shares of the financial services provider’s stock valued at $4,260,000 after acquiring an additional 199,356 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of OUTFRONT Media during the third quarter valued at approximately $318,000. Vestcor Inc lifted its position in shares of OUTFRONT Media by 846.4% during the third quarter. Vestcor Inc now owns 113,572 shares of the financial services provider’s stock worth $2,087,000 after purchasing an additional 101,572 shares during the last quarter. M&T Bank Corp bought a new stake in OUTFRONT Media during the 3rd quarter valued at about $204,000. Finally, Barclays PLC boosted its holdings in shares of OUTFRONT Media by 43.0% in the third quarter. Barclays PLC now owns 501,439 shares of the financial services provider’s stock valued at $9,218,000 after purchasing an additional 150,669 shares during the period.

OUTFRONT Media Stock Performance

Shares of NYSE:OUT opened at $18.13 on Thursday. OUTFRONT Media has a 1 year low of $12.27 and a 1 year high of $19.50. The company’s 50 day simple moving average is $18.60 and its 200 day simple moving average is $16.88. 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 $3.01 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.20 and a beta of 1.97.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.20). The firm had revenue of $451.90 million during the quarter, compared to analyst estimates of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. OUTFRONT Media’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. As a group, research analysts predict that OUTFRONT Media will post 1.56 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s payout ratio is 87.59%.

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.