Shares of OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $19.00.
Several equities research analysts recently weighed in on OUT shares. Wells Fargo & Company started coverage on OUTFRONT Media in a research note on Thursday, September 19th. They set an "overweight" rating and a $22.00 target price for the company. Wolfe Research cut OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 24th. StockNews.com cut OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Morgan Stanley boosted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. Finally, Barrington Research reiterated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, November 13th.
Get Our Latest Report on OUTFRONT Media
OUTFRONT Media Price Performance
OUTFRONT Media stock traded down $0.11 during trading on Monday, reaching $17.03. The company had a trading volume of 1,995,059 shares, compared to its average volume of 1,668,323. OUTFRONT Media has a 1-year low of $12.27 and a 1-year high of $19.50. 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 firm's 50-day simple moving average is $18.35 and its 200 day simple moving average is $17.27. The firm has a market capitalization of $2.83 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.96.
OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.20). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $451.90 million during the quarter, compared to analyst estimates of $456.38 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The business's revenue was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that OUTFRONT Media will post 1.56 earnings per share for the current fiscal year.
OUTFRONT Media Cuts Dividend
The company also recently announced a special dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th were issued a $0.75 dividend. The ex-dividend date was Friday, November 15th. OUTFRONT Media's dividend payout ratio (DPR) is 87.59%.
Institutional Trading of OUTFRONT Media
A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of OUTFRONT Media by 403.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider's stock worth $49,400,000 after purchasing an additional 2,153,423 shares during the period. Asset Management One Co. Ltd. grew its position in shares of OUTFRONT Media by 39,437.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 196,896 shares of the financial services provider's stock worth $3,619,000 after acquiring an additional 196,398 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of OUTFRONT Media by 48.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider's stock worth $10,174,000 after purchasing an additional 232,300 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of OUTFRONT Media in the 3rd quarter worth approximately $318,000. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of OUTFRONT Media by 30.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 650,000 shares of the financial services provider's stock worth $9,295,000 after purchasing an additional 150,000 shares during the last quarter.
OUTFRONT Media Company Profile
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Get Free ReportOUTFRONT 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.
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