OUTFRONT Media Inc. (NYSE:OUT) Receives $19.00 Average Target Price from Analysts

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has earned a consensus recommendation of "Hold" from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $19.00.

OUT has been the subject of several research analyst reports. StockNews.com downgraded OUTFRONT Media from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Wells Fargo & Company assumed coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an "overweight" rating and a $22.00 price target for the company. Wolfe Research lowered shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Finally, Morgan Stanley increased their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an "equal weight" rating in a research note on Wednesday.

OUTFRONT Media Price Performance

NYSE:OUT traded up $0.05 during trading hours on Thursday, reaching $17.59. The company had a trading volume of 1,656,406 shares, compared to its average volume of 1,790,284. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock has a 50-day moving average of $18.63 and a two-hundred day moving average of $16.78. OUTFRONT Media has a one year low of $12.27 and a one year high of $19.50. The firm has a market capitalization of $2.92 billion, a PE ratio of 12.84, a PEG ratio of 1.20 and a beta of 1.96.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results 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 firm had revenue of $451.90 million for the quarter, compared to analyst estimates of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS. Analysts forecast that OUTFRONT Media will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media's dividend payout ratio is presently 87.59%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Land & Buildings Investment Management LLC bought a new stake in OUTFRONT Media in the second quarter valued at about $22,724,000. Point72 Asset Management L.P. bought a new stake in shares of OUTFRONT Media in the 3rd quarter valued at about $24,552,000. FMR LLC raised its position in shares of OUTFRONT Media by 13.6% in the 3rd quarter. FMR LLC now owns 6,711,791 shares of the financial services provider's stock valued at $123,363,000 after acquiring an additional 803,292 shares during the period. DigitalBridge Group Inc. raised its position in shares of OUTFRONT Media by 11.7% in the 2nd quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider's stock valued at $44,703,000 after acquiring an additional 327,125 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in OUTFRONT Media during the 3rd quarter worth approximately $5,762,000.

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.