OUTFRONT Media Inc. (NYSE:OUT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $27.8571.

Several research analysts recently weighed in on the stock. TD Cowen upped their price target on shares of OUTFRONT Media from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Morgan Stanley upgraded OUTFRONT Media from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $20.00 to $28.00 in a research note on Tuesday, December 16th. Zacks Research cut OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Barrington Research raised their target price on OUTFRONT Media from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company lifted their price target on OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th.

OUTFRONT Media Trading Down 0.9%

Shares of OUT stock opened at $27.01 on Friday. OUTFRONT Media has a 1-year low of $12.95 and a 1-year high of $29.27. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.35 and a beta of 1.51. 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 stock has a 50 day simple moving average of $26.08 and a 200-day simple moving average of $22.47.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. The company had revenue of $513.30 million during the quarter, compared to analyst estimates of $511.61 million. On average, equities research analysts expect that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a yield of 4.4%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 150.00%.

Insider Activity

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

Hedge Funds Weigh In On OUTFRONT Media

Institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC raised its holdings in shares of OUTFRONT Media by 5.4% during the 4th quarter. Corient Private Wealth LLC now owns 129,038 shares of the financial services provider’s stock worth $3,118,000 after acquiring an additional 6,583 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of OUTFRONT Media in the fourth quarter valued at about $4,109,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of OUTFRONT Media in the fourth quarter valued at about $220,000. Mackenzie Financial Corp acquired a new stake in OUTFRONT Media during the fourth quarter worth about $1,865,000. Finally, NewEdge Advisors LLC increased its position in OUTFRONT Media by 12.8% during the fourth quarter. NewEdge Advisors LLC now owns 15,977 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 1,808 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.