OUTFRONT Media (NYSE:OUT) Cut to Hold at StockNews.com

StockNews.com lowered shares of OUTFRONT Media (NYSE:OUT) from a buy rating to a hold rating in a research note issued to investors on Monday.

Other equities analysts also recently issued research reports about the stock. Barrington Research raised their target price 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. Wells Fargo & Company began coverage on OUTFRONT Media in a research report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price objective for the company. TD Cowen began coverage on OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price on the stock. Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price target 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.50.

OUTFRONT Media Price Performance

Shares of OUT stock opened at $18.25 on Monday. The business’s fifty day moving average is $17.74 and its 200 day moving average is $15.89. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.71. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -6.96, a PEG ratio of 1.20 and a beta of 1.94. OUTFRONT Media has a twelve month low of $9.50 and a twelve month high of $19.33.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The firm had revenue of $477.30 million for the quarter, compared to the consensus estimate of $482.27 million. During the same period in the prior year, the firm earned $0.47 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. Research analysts expect that OUTFRONT Media will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend was Friday, September 6th. OUTFRONT Media’s payout ratio is currently -45.11%.

Institutional Investors Weigh In On OUTFRONT Media

Several large investors have recently bought and sold shares of the business. Asset Management One Co. Ltd. boosted its holdings in shares of OUTFRONT Media by 39,437.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 196,896 shares of the financial services provider’s stock valued at $3,619,000 after acquiring an additional 196,398 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of OUTFRONT Media during the third quarter valued at approximately $32,000. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in OUTFRONT Media by 0.6% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 206,715 shares of the financial services provider’s stock valued at $3,799,000 after purchasing an additional 1,235 shares during the period. New York State Teachers Retirement System boosted its holdings in OUTFRONT Media by 3.2% in the third quarter. New York State Teachers Retirement System now owns 103,849 shares of the financial services provider’s stock worth $1,909,000 after purchasing an additional 3,175 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in OUTFRONT Media in the 3rd quarter worth approximately $288,000.

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.