OUTFRONT Media (NYSE:OUT) Downgraded to “Peer Perform” at Wolfe Research

OUTFRONT Media (NYSE:OUT) was downgraded by Wolfe Research from an “outperform” rating to a “peer perform” rating in a research note issued on Thursday, MarketBeat Ratings reports.

A number of other research firms have also recently issued reports on OUT. StockNews.com upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, October 19th. JPMorgan Chase & Co. boosted their price target on OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. TD Cowen initiated coverage on OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price objective for the company. Wells Fargo & Company began coverage on OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective on the stock. Finally, Barrington Research upped their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.50.

OUTFRONT Media Trading Up 1.1 %

Shares of OUT stock opened at $18.84 on Thursday. The business has a 50-day moving average of $17.55 and a 200 day moving average of $15.82. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.67 and a quick ratio of 0.67. OUTFRONT Media has a 1-year low of $9.39 and a 1-year high of $19.33. The stock has a market capitalization of $3.13 billion, a PE ratio of -7.08, a P/E/G ratio of 1.20 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $482.27 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that OUTFRONT Media will post 1.53 earnings per share for the current year.

Institutional Investors Weigh In On OUTFRONT Media

Several hedge funds have recently made changes to their positions in the company. Dark Forest Capital Management LP lifted its position in OUTFRONT Media by 3.0% during the second quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider’s stock valued at $359,000 after buying an additional 738 shares during the period. Quest Partners LLC increased its position in OUTFRONT Media by 30.0% during the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after buying an additional 994 shares in the last quarter. 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 valued at $141,000 after buying an additional 1,199 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in OUTFRONT Media by 5.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock valued at $332,000 after buying an additional 1,220 shares during the last quarter. Finally, Quarry LP boosted its holdings in OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,325 shares in the last quarter.

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.