OUTFRONT Media (NYSE:OUT) Earns “Overweight” Rating from JPMorgan Chase & Co.

OUTFRONT Media (NYSE:OUT)‘s stock had its “overweight” rating reissued by investment analysts at JPMorgan Chase & Co. in a report issued on Wednesday,Benzinga reports. They presently have a $38.00 target price on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 19.21% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a report on Friday, May 8th. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, May 12th. TD Cowen restated a “buy” rating and issued a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.57.

OUTFRONT Media Trading Down 0.2%

OUT opened at $31.88 on Wednesday. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 1.51 and a beta of 1.48. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90. OUTFRONT Media has a 12 month low of $16.64 and a 12 month high of $34.96. The stock has a fifty day moving average price of $32.22 and a 200-day moving average price of $29.07.

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

Insider Activity at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total transaction of $160,400.00. Following the transaction, the executive vice president owned 56,947 shares in the company, valued at approximately $1,826,859.76. This represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James Michael Norton purchased 4,130 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $30.81 per share, with a total value of $127,245.30. Following the acquisition, the executive vice president owned 4,130 shares of the company’s stock, valued at approximately $127,245.30. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 20,000 shares of company stock worth $629,600. 0.45% of the stock is owned by insiders.

Hedge Funds Weigh In On OUTFRONT Media

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OUT. Hennion & Walsh Asset Management Inc. lifted its position in OUTFRONT Media by 94.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 30,793 shares of the financial services provider’s stock worth $1,009,000 after acquiring an additional 14,993 shares during the period. GAMMA Investing LLC raised its stake in shares of OUTFRONT Media by 4.6% in the second quarter. GAMMA Investing LLC now owns 10,048 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 440 shares during the last quarter. Pine Valley Investments Ltd Liability Co purchased a new position in shares of OUTFRONT Media in the first quarter worth about $244,000. NewEdge Advisors LLC lifted its holdings in shares of OUTFRONT Media by 23.7% during the first quarter. NewEdge Advisors LLC now owns 19,766 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 3,789 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of OUTFRONT Media during the first quarter worth about $401,000.

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.