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

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

Several other brokerages have also recently weighed in on OUT. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research report on Friday, May 8th. Finally, TD Cowen reaffirmed 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. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, OUTFRONT Media currently has a consensus rating of “Moderate Buy” and an average target price of $30.71.

OUTFRONT Media Stock Down 0.6%

NYSE:OUT opened at $33.23 on Friday. OUTFRONT Media has a one year low of $16.64 and a one year high of $34.96. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $5.85 billion, a PE ratio of 31.64, a P/E/G ratio of 1.58 and a beta of 1.48. The firm’s 50 day simple moving average is $32.23 and its 200 day simple moving average is $28.80.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating 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 company’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. On average, research analysts anticipate that OUTFRONT Media will post 2.12 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP James Michael Norton acquired 4,130 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $30.81 per share, for a total transaction of $127,245.30. Following the completion of the transaction, the executive vice president directly owned 4,130 shares in the company, valued at $127,245.30. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard H. Sauer sold 5,000 shares of OUTFRONT Media stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total transaction of $160,400.00. Following the transaction, the executive vice president directly owned 56,947 shares of the company’s stock, valued at $1,826,859.76. This represents a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,000 shares of company stock worth $629,600 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Institutional Trading of OUTFRONT Media

A number of institutional investors have recently bought and sold shares of OUT. Advisory Services Network LLC acquired a new stake in OUTFRONT Media during the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 686 shares during the period. Farther Finance Advisors LLC boosted its position in shares of 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 valued at $56,000 after purchasing an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of OUTFRONT Media during the 4th quarter valued at about $71,000. Finally, IFP Advisors Inc grew its stake in OUTFRONT Media by 16.5% during the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 582 shares during the period.

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.