OUTFRONT Media Inc. (NYSE:OUT) Given Consensus Recommendation of “Hold” by Brokerages

OUTFRONT Media Inc. (NYSE:OUT) has earned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.48.

Several research firms have commented on OUT. Morgan Stanley boosted their target price on OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Barrington Research reiterated an “outperform” rating and set a $21.53 price objective on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th.

OUTFRONT Media Trading Down 0.6 %

NYSE OUT opened at $18.85 on Friday. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.07 and a beta of 1.97. The stock’s 50 day moving average price is $18.61 and its two-hundred day moving average price is $18.07. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. OUTFRONT Media has a 52 week low of $12.27 and a 52 week high of $19.50.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $451.90 million during the quarter, compared to the consensus estimate of $456.38 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, analysts anticipate that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 15th were paid a $0.7688 dividend. The ex-dividend date of this dividend was Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 87.14%.

Institutional Investors Weigh In On OUTFRONT Media

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in OUTFRONT Media by 19.3% in the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 613 shares during the period. Moody National Bank Trust Division increased its position in OUTFRONT Media by 4.0% during the 4th quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider’s stock worth $320,000 after buying an additional 698 shares during the period. Victory Capital Management Inc. increased its position in OUTFRONT Media by 2.8% during the 4th quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider’s stock worth $467,000 after buying an additional 706 shares during the period. Journey Strategic Wealth LLC increased its position in OUTFRONT Media by 10.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 11,394 shares of the financial services provider’s stock worth $202,000 after buying an additional 1,090 shares during the period. Finally, CWM LLC increased its position in OUTFRONT Media by 18.5% during the 3rd quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock worth $141,000 after buying an additional 1,199 shares during the period.

OUTFRONT Media Company Profile

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.