OUTFRONT Media (NYSE:OUT) Stock Price Passes Below 200 Day Moving Average – What’s Next?

OUTFRONT Media Inc. (NYSE:OUT)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.05 and traded as low as $18.05. OUTFRONT Media shares last traded at $18.27, with a volume of 1,340,480 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Morgan Stanley raised their target price on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Barrington Research restated an “outperform” rating and issued a $21.53 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.48.

OUTFRONT Media Price Performance

The stock’s 50-day moving average is $18.65 and its 200 day moving average is $18.05. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $2.96 billion, a PE ratio of 13.02, a P/E/G ratio of 1.07 and a beta of 1.97.

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

OUTFRONT Media Cuts Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th were given a dividend of $0.7688 per share. The ex-dividend date was Friday, November 15th. OUTFRONT Media’s payout ratio is currently 87.68%.

Institutional Investors Weigh In On OUTFRONT Media

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in shares of OUTFRONT Media by 90.3% in the 2nd quarter. AQR Capital Management LLC now owns 245,952 shares of the financial services provider’s stock valued at $3,458,000 after purchasing an additional 116,741 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of OUTFRONT Media in the 2nd quarter worth $230,000. Quarry LP boosted its holdings 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 acquiring an additional 1,325 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in OUTFRONT Media in the second quarter valued at about $944,000. 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 purchasing 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.