OUTFRONT Media (NYSE:OUT) Stock Rating Upgraded by Wall Street Zen

OUTFRONT Media (NYSE:OUT) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also recently weighed in on OUT. Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a research report on Friday, May 8th. TD Cowen restated a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company increased their price objective on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.71.

OUTFRONT Media Price Performance

Shares of OUT stock opened at $32.22 on Friday. OUTFRONT Media has a 12-month low of $15.45 and a 12-month high of $34.96. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 1.54 and a beta of 1.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. The firm has a fifty day moving average of $29.99 and a 200-day moving average of $26.59.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. On average, equities research analysts forecast that OUTFRONT Media will post 2.11 earnings per share for the current year.

Insider Activity

In related news, Director Manuel A. Diaz sold 11,271 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $26.93, for a total value of $303,528.03. Following the completion of the sale, the director directly owned 36,244 shares in the company, valued at approximately $976,050.92. This trade represents a 23.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Matthew Siegel sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the completion of the sale, the executive vice president owned 289,925 shares of the company’s stock, valued at $7,477,165.75. This trade represents a 14.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On OUTFRONT Media

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in OUTFRONT Media by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock valued at $545,983,000 after purchasing an additional 1,131,954 shares during the last quarter. Cohen & Steers Inc. lifted its stake in OUTFRONT Media by 2.2% in the 4th quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock valued at $537,779,000 after purchasing an additional 486,192 shares during the last quarter. State Street Corp raised its holdings in OUTFRONT Media by 2.1% in the 4th quarter. State Street Corp now owns 5,483,013 shares of the financial services provider’s stock valued at $132,141,000 after acquiring an additional 111,084 shares during the period. Goldman Sachs Group Inc. raised its holdings in OUTFRONT Media by 9.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after acquiring an additional 448,993 shares during the period. Finally, Wellington Management Group LLP raised its holdings in OUTFRONT Media by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 4,309,133 shares of the financial services provider’s stock valued at $103,850,000 after acquiring an additional 335,265 shares during the period.

OUTFRONT Media Company Profile

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.