OUTFRONT Media (NYSE:OUT) Upgraded by StockNews.com to Buy

OUTFRONT Media (NYSE:OUT) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other equities analysts have also weighed in on OUT. TD Cowen started coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They set a “hold” rating and a $16.00 price objective on the stock. Wells Fargo & Company started coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price objective on the stock. Barrington Research raised their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

OUTFRONT Media Price Performance

NYSE OUT opened at $19.14 on Friday. The company has a 50 day simple moving average of $17.35 and a 200-day simple moving average of $15.77. 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 firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -7.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. OUTFRONT Media has a 52-week low of $9.00 and a 52-week high of $19.33.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.60. The business had revenue of $477.30 million during 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%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Equities research analysts predict that OUTFRONT Media will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OUTFRONT Media

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP grew its stake in shares of OUTFRONT Media by 3.0% in the second quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 738 shares during the last quarter. Quest Partners LLC grew its stake in shares of OUTFRONT Media by 30.0% in the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 994 shares during the last quarter. CWM LLC grew its stake in shares of OUTFRONT Media by 18.5% in the third quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 1,199 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of OUTFRONT Media by 5.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Quarry LP grew its stake in shares of OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,325 shares during the last quarter.

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.