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

OUTFRONT Media (NYSE:OUT) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

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

OUTFRONT Media Stock Performance

Shares of OUT opened at $31.20 on Friday. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. OUTFRONT Media has a twelve month low of $15.45 and a twelve month high of $34.96. The firm’s 50 day moving average price is $31.26 and its two-hundred day moving average price is $27.53. The firm has a market cap of $5.49 billion, a P/E ratio of 29.71, a PEG ratio of 1.47 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The company had revenue of $429.60 million during the quarter, compared to the consensus estimate of $431.44 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, analysts forecast that OUTFRONT Media will post 2.12 EPS for the current fiscal year.

Insider Buying and Selling at OUTFRONT Media

In related news, EVP James Michael Norton bought 4,130 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $30.81 per share, with a total value of $127,245.30. Following the completion of the transaction, the executive vice president owned 4,130 shares in the company, valued at $127,245.30. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Matthew Siegel sold 50,000 shares of OUTFRONT Media stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total value of $1,289,500.00. Following the completion of the sale, the executive vice president directly owned 289,925 shares in the company, valued at approximately $7,477,165.75. This represents a 14.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 71,271 shares of company stock valued at $1,906,578. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. GRS Advisors LLC raised its stake in shares of OUTFRONT Media by 12.8% during the 3rd quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock worth $45,218,000 after purchasing an additional 279,326 shares in the last quarter. Barnett & Company Inc. acquired a new stake in shares of OUTFRONT Media in the 3rd quarter valued at approximately $1,519,000. Polar Asset Management Partners Inc. bought a new position in shares of OUTFRONT Media in the third quarter valued at $5,622,000. Burney Co. bought a new position in shares of OUTFRONT Media in the fourth quarter valued at $735,000. Finally, BTC Capital Management Inc. bought a new position in shares of OUTFRONT Media in the fourth quarter valued at $3,625,000.

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.