StockNews.com Lowers OUTFRONT Media (NYSE:OUT) to Hold

OUTFRONT Media (NYSE:OUT - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report released on Friday.

Other research analysts have also recently issued research reports about the stock. TD Cowen initiated coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They set a "hold" rating and a $16.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Barrington Research raised their target price on OUTFRONT Media from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Tuesday, August 13th. Finally, Wells Fargo & Company started 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $18.50.

OUTFRONT Media Stock Performance

Shares of NYSE OUT traded up $0.40 during mid-day trading on Friday, hitting $18.42. The stock had a trading volume of 1,210,319 shares, compared to its average volume of 1,743,835. The firm has a market cap of $3.06 billion, a PE ratio of 14.50, a PEG ratio of 1.20 and a beta of 1.94. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50 day moving average of $16.92 and a two-hundred day moving average of $15.69. OUTFRONT Media has a twelve month low of $8.52 and a twelve month high of $18.89.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $477.30 million during the quarter, compared to analysts' expectations of $482.27 million. During the same period last year, the business posted $0.47 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts predict that OUTFRONT Media will post 1.53 EPS for the current fiscal year.

Hedge Funds Weigh In On OUTFRONT Media

Hedge funds and other 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% during 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 in the last quarter. National Bank of Canada FI acquired a new position in OUTFRONT Media during the second quarter worth about $28,000. Riverview Trust Co purchased a new stake in OUTFRONT Media during the 1st quarter valued at about $33,000. Quest Partners LLC raised its holdings in OUTFRONT Media by 30.0% in the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 994 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in OUTFRONT Media by 105.2% in the 1st quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 1,973 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.