OUTFRONT Media Inc. (NYSE:OUT) Receives $19.48 Consensus Price Target from Analysts

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has received a consensus recommendation of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.48.

A number of equities research analysts have recently weighed in on OUT shares. Barrington Research reiterated an "outperform" rating and issued a $21.53 price objective on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Morgan Stanley boosted their price target on OUTFRONT Media from $17.43 to $18.45 and gave the company an "equal weight" rating in a report on Wednesday, December 18th.

Hedge Funds Weigh In On OUTFRONT Media

Several large investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. purchased a new position in OUTFRONT Media during the third quarter worth about $32,000. Loomis Sayles & Co. L P purchased a new stake in shares of OUTFRONT Media during the 4th quarter valued at $47,000. Virtus Fund Advisers LLC acquired a new position in shares of OUTFRONT Media during the 3rd quarter valued at $49,000. Sterling Capital Management LLC lifted its holdings in shares of OUTFRONT Media by 672.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 2,522 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of OUTFRONT Media by 19.3% during the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock valued at $67,000 after acquiring an additional 613 shares in the last quarter.

OUTFRONT Media Stock Performance

Shares of NYSE:OUT traded down $0.77 during mid-day trading on Tuesday, reaching $17.77. The company had a trading volume of 2,135,286 shares, compared to its average volume of 1,667,503. OUTFRONT Media has a one year low of $13.35 and a one year high of $19.50. 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's 50-day moving average price is $18.43 and its 200-day moving average price is $18.47. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.06 and a beta of 1.97.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $493.20 million during the quarter, compared to the consensus estimate of $490.42 million. As a group, equities research analysts anticipate that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date is Friday, March 7th. OUTFRONT Media's dividend payout ratio is currently 81.63%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.