Barrington Research Increases OUTFRONT Media (NYSE:OUT) Price Target to $33.00

OUTFRONT Media (NYSE:OUT) had its price objective upped by analysts at Barrington Research from $27.00 to $33.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Barrington Research’s target price indicates a potential upside of 14.98% from the company’s current price.

Several other research analysts have also weighed in on OUT. Zacks Research upgraded OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Citigroup reissued a “buy” rating and set a $23.00 price objective (up from $20.00) on shares of OUTFRONT Media in a research report on Wednesday, November 12th. JPMorgan Chase & Co. raised shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and upped their target price for the company from $19.00 to $25.00 in a research report on Wednesday, November 12th. Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $20.00 to $28.00 in a research note on Tuesday, December 16th. Finally, Wall Street Zen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $27.86.

OUTFRONT Media Price Performance

Shares of OUT stock opened at $28.70 on Monday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $5.05 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.51. The firm’s 50-day moving average is $25.27 and its two-hundred day moving average is $21.80. OUTFRONT Media has a 12 month low of $12.95 and a 12 month high of $29.27.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.16). The firm had revenue of $513.30 million during the quarter, compared to analysts’ expectations of $511.61 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. Analysts predict that OUTFRONT Media will post 1.59 earnings per share for the current year.

Insider Transactions at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,271 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total transaction of $276,026.79. Following the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $1,163,642.35. This represents a 19.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by company insiders.

Institutional Investors Weigh In On OUTFRONT Media

A number of hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in OUTFRONT Media during the third quarter worth approximately $29,000. Private Trust Co. NA purchased a new position in shares of OUTFRONT Media in the 3rd quarter valued at $33,000. Farther Finance Advisors LLC raised its stake in OUTFRONT Media by 157.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in OUTFRONT Media during the 4th quarter worth $71,000. Finally, IFP Advisors Inc lifted its position in OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 582 shares during the last quarter.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.