OUTFRONT Media Inc. (NYSE:OUT) Receives $18.23 Average Target Price from Brokerages

OUTFRONT Media Inc. (NYSE:OUT) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.23.

OUT has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, May 9th. Citigroup reiterated a “buy” rating and issued a $19.00 price objective (up previously from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Barrington Research reiterated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their target price on OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 21st. Finally, Morgan Stanley cut their target price on OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st.

OUTFRONT Media Price Performance

OUT opened at $15.84 on Thursday. The stock has a fifty day simple moving average of $15.62 and a two-hundred day simple moving average of $17.09. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89. OUTFRONT Media has a 12-month low of $12.95 and a 12-month high of $19.98.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $390.70 million during the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. Research analysts predict that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, June 6th. This represents a $1.20 annualized dividend and a dividend yield of 7.58%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 78.95%.

Insider Activity at OUTFRONT Media

In related news, EVP Richard H. Sauer sold 29,891 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $15.79, for a total transaction of $471,978.89. Following the sale, the executive vice president now directly owns 90,945 shares of the company’s stock, valued at $1,436,021.55. This trade represents a 24.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OUTFRONT Media

Several institutional investors have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in OUTFRONT Media by 1.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 558 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in OUTFRONT Media by 5.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 596 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in OUTFRONT Media by 4.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 629 shares during the last quarter. Victory Capital Management Inc. boosted its position in OUTFRONT Media by 2.8% in the fourth quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 706 shares during the last quarter. Finally, Signaturefd LLC boosted its position in OUTFRONT Media by 8.5% in the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 722 shares during the last quarter.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.