Wall Street Zen Downgrades OUTFRONT Media (NYSE:OUT) to Buy

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

Several other equities research analysts also recently commented on the stock. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a research report on Tuesday, May 12th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $38.00 price target on shares of OUTFRONT Media in a research report on Wednesday. TD Cowen reiterated a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Finally, Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a report on Friday, May 8th. 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 MarketBeat, OUTFRONT Media has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

OUTFRONT Media Trading Up 0.3%

Shares of OUT stock opened at $31.97 on Friday. 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 market capitalization of $5.63 billion, a P/E ratio of 30.45, a P/E/G ratio of 1.52 and a beta of 1.48. OUTFRONT Media has a twelve month low of $16.64 and a twelve month high of $34.96. The stock’s fifty day simple moving average is $32.23 and its 200 day simple moving average is $29.09.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. As a group, sell-side analysts predict that OUTFRONT Media will post 2.11 EPS for the current fiscal year.

Insider Activity

In other news, EVP Richard H. Sauer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value 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. The trade was a 8.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James Michael Norton bought 4,130 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the transaction, the executive vice president owned 4,130 shares in the company, valued at $127,245.30. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 20,000 shares of company stock valued at $629,600. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of OUTFRONT Media

Several large investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. lifted its position in shares of 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 valued at $1,009,000 after acquiring an additional 14,993 shares during the period. GAMMA Investing LLC increased its stake in OUTFRONT Media by 4.6% in the second quarter. GAMMA Investing LLC now owns 10,048 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 440 shares in the last quarter. Pine Valley Investments Ltd Liability Co bought a new stake in OUTFRONT Media in the first quarter valued at $244,000. NewEdge Advisors LLC raised 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 valued at $524,000 after purchasing an additional 3,789 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new position in shares of OUTFRONT Media during the first quarter valued at about $401,000.

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.