OUTFRONT Media’s (OUT) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of OUTFRONT Media (NYSE:OUT) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $21.00 price target on the financial services provider’s stock.

Several other research analysts have also recently weighed in on OUT. TD Cowen started coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They set a “hold” rating and a $16.00 price target on the stock. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company started coverage on OUTFRONT Media in a research note on Thursday, September 19th. They set an “overweight” rating and a $22.00 target price on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.25.

OUTFRONT Media Stock Performance

Shares of OUT opened at $17.90 on Wednesday. The firm has a market capitalization of $2.97 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.22 and a beta of 1.94. OUTFRONT Media has a 52 week low of $11.98 and a 52 week high of $19.33. The stock has a 50 day moving average price of $18.12 and a two-hundred day moving average price of $16.14. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.67 and a current ratio of 0.65.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.20). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. During the same quarter last year, the company posted $0.46 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts forecast that OUTFRONT Media will post 1.53 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be issued a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is currently 87.59%.

Institutional Investors Weigh In On OUTFRONT Media

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP raised its position in shares of OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares during the period. National Bank of Canada FI bought a new stake in OUTFRONT Media during the 2nd quarter valued at $28,000. Harbor Capital Advisors Inc. purchased a new stake in shares of OUTFRONT Media during the third quarter worth $32,000. Virtus Fund Advisers LLC purchased a new stake in shares of OUTFRONT Media during the third quarter worth $49,000. Finally, Quest Partners LLC grew its position in shares of OUTFRONT Media by 30.0% in the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 994 shares in the last quarter.

About OUTFRONT Media

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.