Analysts Set OUTFRONT Media Inc. (NYSE:OUT) Price Target at $22.00

OUTFRONT Media Inc. (NYSE:OUT) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $22.00.

Several research analysts have issued reports on OUT shares. Wall Street Zen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. TD Cowen raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, November 11th. Cowen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Tuesday, November 11th. New Street Research set a $24.00 price objective on shares of OUTFRONT Media in a report on Tuesday, November 11th. Finally, Citigroup reaffirmed a “buy” rating and issued a $23.00 target price (up from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th.

OUTFRONT Media Trading Down 0.3%

NYSE OUT opened at $23.25 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 4.75. The stock has a market capitalization of $3.89 billion, a P/E ratio of 34.19, a P/E/G ratio of 1.31 and a beta of 1.57. OUTFRONT Media has a 52-week low of $12.95 and a 52-week high of $23.57. The firm has a 50-day moving average price of $19.81 and a 200 day moving average price of $18.36.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.21). The business had revenue of $467.50 million for the quarter, compared to analyst estimates of $458.32 million. OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. Equities research analysts expect that OUTFRONT Media will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.20 annualized dividend and a yield of 5.2%. OUTFRONT Media’s payout ratio is currently 176.47%.

Insider Buying and Selling

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,270 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $22.18, for a total value of $249,968.60. Following the sale, the director owned 58,786 shares of the company’s stock, valued at approximately $1,303,873.48. This represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On OUTFRONT Media

Institutional investors and hedge funds have recently made changes to their positions in the business. SVB Wealth LLC purchased a new position in OUTFRONT Media during the 1st quarter valued at about $28,000. Advisory Services Network LLC purchased a new position in shares of OUTFRONT Media during the 3rd quarter worth approximately $29,000. Private Trust Co. NA acquired a new position in shares of OUTFRONT Media during the 3rd quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd lifted its stake in OUTFRONT Media by 158.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider’s stock valued at $54,000 after buying an additional 2,041 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in OUTFRONT Media by 16.5% during the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after buying an additional 582 shares during the last quarter.

About OUTFRONT Media

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.