Outfront Media (OUT) Earns Outperform Rating from Analysts at Wolfe Research

Stock analysts at Wolfe Research started coverage on shares of Outfront Media (NYSE:OUT) in a research note issued to investors on Friday, The Fly reports. The firm set an “outperform” rating and a $25.00 price target on the financial services provider’s stock. Wolfe Research’s price target points to a potential upside of 20.42% from the stock’s current price.

Several other brokerages also recently issued reports on OUT. Imperial Capital initiated coverage on shares of Outfront Media in a research note on Thursday, September 13th. They set an “inline” rating and a $22.00 target price on the stock. TheStreet raised shares of Outfront Media from a “c+” rating to a “b-” rating in a research note on Monday, November 26th. Wells Fargo & Co reissued a “market perform” rating and set a $27.00 target price (up from $25.00) on shares of Outfront Media in a research note on Thursday, August 9th. Zacks Investment Research raised shares of Outfront Media from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, November 14th. Finally, ValuEngine raised shares of Outfront Media from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $23.83.

NYSE OUT opened at $20.76 on Friday. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 1.37 and a beta of 1.18. Outfront Media has a 1 year low of $17.27 and a 1 year high of $24.23. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.92.

Outfront Media (NYSE:OUT) last posted its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Outfront Media had a return on equity of 7.42% and a net margin of 5.54%. The company had revenue of $414.20 million for the quarter, compared to analysts’ expectations of $404.37 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, analysts anticipate that Outfront Media will post 2.09 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Gardner Russo & Gardner LLC grew its holdings in shares of Outfront Media by 0.6% during the 3rd quarter. Gardner Russo & Gardner LLC now owns 457,996 shares of the financial services provider’s stock valued at $9,137,000 after acquiring an additional 2,610 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Outfront Media by 4.4% during the 2nd quarter. Stephens Inc. AR now owns 72,318 shares of the financial services provider’s stock valued at $1,407,000 after acquiring an additional 3,033 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Outfront Media by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 140,001 shares of the financial services provider’s stock valued at $2,793,000 after acquiring an additional 3,873 shares in the last quarter. Azimuth Capital Management LLC grew its holdings in shares of Outfront Media by 2.4% during the 2nd quarter. Azimuth Capital Management LLC now owns 177,921 shares of the financial services provider’s stock valued at $3,461,000 after acquiring an additional 4,230 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Outfront Media by 70.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 4,467 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Outfront Media Company Profile

OUTFRONT Media connects 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 ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.

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