Outerwall Stock Rating Upgraded by Ned Davis Research (OUTR)
Outerwall (NASDAQ:OUTR) was upgraded by Ned Davis Research from a “neutral” rating to a “buy” rating in a research note issued on Monday, Analyst Ratings.Net reports.
OUTR has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Outerwall from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, December 30th. They now have a $69.60 price target on the stock. Separately, analysts at Northland Securities reiterated a “positive” rating on shares of Outerwall in a research note to investors on Wednesday, December 11th. Finally, analysts at B. Riley raised their price target on shares of Outerwall from $95.00 to $103.00 in a research note to investors on Wednesday, December 11th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $71.82.
Shares of Outerwall (NASDAQ:OUTR) traded up 0.74% on Monday, hitting $69.16. 151,777 shares of the company’s stock traded hands. Outerwall has a one year low of $46.25 and a one year high of $72.09. The stock has a 50-day moving average of $66.97 and a 200-day moving average of $61.90. The company has a market cap of $1.868 billion and a price-to-earnings ratio of 11.42.
Outerwall (NASDAQ:OUTR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.09. The company had revenue of $587.40 million for the quarter, compared to the consensus estimate of $577.32 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts predict that Outerwall will post $5.10 earnings per share for the current fiscal year.
In other Outerwall news, major shareholder Jana Partners Llc sold 55,954 shares of the stock on the open market in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $64.95, for a total value of $3,634,212.30. Following the completion of the transaction, the insider now directly owns 3,722,041 shares of the company’s stock, valued at approximately $241,746,563. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Outerwall Inc, formerly Coinstar, Inc, is a provider of automated retail solutions, which offers convenient products and services.
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