OUTFRONT Media Inc. (NYSE:OUT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $30.7143.

A number of analysts have commented on OUT shares. Wall Street Zen upgraded OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research report on Saturday. TD Cowen restated a “buy” rating and set a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a report on Friday, May 8th. Finally, Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, May 12th.

Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 5,000 shares of OUTFRONT Media stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the completion of the sale, the executive vice president directly owned 56,947 shares of the company’s stock, valued at approximately $1,826,859.76. The trade was a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Michael Norton acquired 4,130 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $30.81 per share, with a total value of $127,245.30. Following the purchase, the executive vice president owned 4,130 shares in the company, valued at approximately $127,245.30. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 20,000 shares of company stock valued at $629,600. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in OUTFRONT Media in the third quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its position in OUTFRONT Media by 74.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after buying an additional 686 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of OUTFRONT Media by 157.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of OUTFRONT Media during the fourth quarter worth about $71,000. Finally, IFP Advisors Inc boosted its holdings 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 purchasing an additional 582 shares during the last quarter.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $32.01 on Friday. The stock has a market capitalization of $5.64 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 1.54 and a beta of 1.48. 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 stock’s 50-day moving average price is $32.24 and its 200 day moving average price is $28.95. OUTFRONT Media has a 52-week low of $16.64 and a 52-week high of $34.96.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results 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. The firm had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, equities research analysts forecast that OUTFRONT Media will post 2.12 EPS for the current year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, June 5th. OUTFRONT Media’s dividend payout ratio is 114.29%.

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.