OUTFRONT Media Inc. (NYSE:OUT) Receives $19.48 Average PT from Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) have been assigned an average rating of "Hold" from the six brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.48.

Several research firms recently commented on OUT. Wolfe Research cut OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 24th. Barrington Research reaffirmed an "outperform" rating and set a $21.53 price objective on shares of OUTFRONT Media in a research report on Wednesday, November 13th. StockNews.com lowered shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Finally, Morgan Stanley increased their target price on shares of OUTFRONT Media from $17.43 to $18.45 and gave the stock an "equal weight" rating in a research note on Wednesday, December 18th.

OUTFRONT Media Trading Up 0.1 %

NYSE OUT traded up $0.02 during mid-day trading on Friday, reaching $18.77. 655,859 shares of the stock were exchanged, compared to its average volume of 1,551,490. The stock has a market cap of $3.04 billion, a P/E ratio of 13.37, a P/E/G ratio of 1.09 and a beta of 1.97. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media has a one year low of $12.27 and a one year high of $19.50. The stock has a 50 day simple moving average of $18.57 and a 200-day simple moving average of $18.14.

OUTFRONT Media Cuts Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th were paid a $0.7688 dividend. The ex-dividend date of this dividend was Friday, November 15th. OUTFRONT Media's dividend payout ratio (DPR) is presently 65.71%.

Institutional Investors Weigh In On OUTFRONT Media

A number of hedge funds have recently added to or reduced their stakes in the company. Globeflex Capital L P boosted its position in shares of OUTFRONT Media by 69.7% during the fourth quarter. Globeflex Capital L P now owns 160,013 shares of the financial services provider's stock valued at $2,839,000 after buying an additional 65,700 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of OUTFRONT Media by 52.1% during the fourth quarter. Natixis Advisors LLC now owns 31,681 shares of the financial services provider's stock valued at $576,000 after buying an additional 10,851 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of OUTFRONT Media by 7.4% during the fourth quarter. First Eagle Investment Management LLC now owns 789,725 shares of the financial services provider's stock valued at $14,010,000 after buying an additional 54,100 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of OUTFRONT Media during the fourth quarter valued at approximately $192,000. Finally, Swiss National Bank boosted its position in shares of OUTFRONT Media by 5.3% during the fourth quarter. Swiss National Bank now owns 272,984 shares of the financial services provider's stock valued at $4,843,000 after buying an additional 13,730 shares during 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.