OUTFRONT Media Inc. (NYSE:OUT) Receives $16.00 Average PT from Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been assigned an average recommendation of “Hold” from the four ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $16.00.

A number of equities research analysts have recently issued reports on OUT shares. Barrington Research upped their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. StockNews.com raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. increased their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, TD Cowen started coverage on shares of OUTFRONT Media in a research note on Tuesday, July 16th. They set a “hold” rating and a $16.00 price objective on the stock.

Institutional Trading of OUTFRONT Media

A number of hedge funds have recently modified their holdings of OUT. Land & Buildings Investment Management LLC acquired a new position in OUTFRONT Media in the 2nd quarter valued at about $22,724,000. DAVENPORT & Co LLC increased its stake in shares of OUTFRONT Media by 145.8% during the first quarter. DAVENPORT & Co LLC now owns 1,720,884 shares of the financial services provider’s stock worth $28,825,000 after purchasing an additional 1,020,719 shares during the period. Norges Bank bought a new position in shares of OUTFRONT Media during the fourth quarter worth approximately $13,779,000. Cove Street Capital LLC boosted its stake in OUTFRONT Media by 250.2% in the 4th quarter. Cove Street Capital LLC now owns 841,279 shares of the financial services provider’s stock valued at $11,744,000 after purchasing an additional 601,079 shares during the period. Finally, Lasalle Investment Management Securities LLC boosted its stake in OUTFRONT Media by 17.3% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock valued at $47,733,000 after purchasing an additional 419,706 shares during the period.

OUTFRONT Media Stock Up 2.9 %

Shares of OUT stock opened at $17.64 on Tuesday. The firm’s fifty day moving average price is $15.91 and its two-hundred day moving average price is $15.38. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71. OUTFRONT Media has a 1 year low of $8.18 and a 1 year high of $17.75. The firm has a market capitalization of $2.93 billion, a P/E ratio of -6.63, a PEG ratio of 1.10 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.60. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The company had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $482.27 million. During the same quarter last year, the company earned $0.47 EPS. OUTFRONT Media’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts predict that OUTFRONT Media will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, September 6th. This represents a $1.20 dividend on an annualized basis and a yield of 6.80%. OUTFRONT Media’s dividend payout ratio (DPR) is -45.11%.

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.