Morgan Stanley Forecasts Strong Price Appreciation for OUTFRONT Media (NYSE:OUT) Stock

OUTFRONT Media (NYSE:OUT - Get Free Report) had its target price upped by equities researchers at Morgan Stanley from $17.00 to $18.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's target price suggests a potential upside of 2.62% from the stock's current price.

A number of other analysts have also commented on OUT. Barrington Research reissued an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. Wells Fargo & Company started coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They set an "overweight" rating and a $22.00 price target on the stock. Wolfe Research cut OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $19.00.

OUTFRONT Media Stock Down 4.5 %

NYSE OUT traded down $0.82 on Wednesday, hitting $17.54. 1,941,208 shares of the company were exchanged, compared to its average volume of 1,790,833. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a market cap of $2.91 billion, a PE ratio of 12.80, a PEG ratio of 1.20 and a beta of 1.96. The stock has a fifty day moving average of $18.64 and a 200-day moving average of $16.78. OUTFRONT Media has a 12 month low of $12.27 and a 12 month high of $19.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.20). The company had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. OUTFRONT Media's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. As a group, analysts forecast that OUTFRONT Media will post 1.56 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quarry LP increased 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 worth $26,000 after purchasing an additional 1,325 shares during the last quarter. National Bank of Canada FI bought a new position in shares of OUTFRONT Media in the 2nd quarter worth $28,000. Harbor Capital Advisors Inc. bought a new position in shares of OUTFRONT Media in the 3rd quarter worth $32,000. Virtus Fund Advisers LLC purchased a new stake in shares of OUTFRONT Media during the 3rd quarter valued at $49,000. Finally, Quest Partners LLC lifted its holdings in shares of OUTFRONT Media by 30.0% during the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider's stock worth $62,000 after acquiring an additional 994 shares during 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.