OUTFRONT Media Inc. (NYSE:OUT - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $20.00 and last traded at $18.66, with a volume of 220 shares. The stock had previously closed at $18.48.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on OUT. Wolfe Research downgraded shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 24th. StockNews.com downgraded OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Barrington Research reiterated an "outperform" rating and issued a $21.53 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th. Finally, Morgan Stanley raised their price target on shares of OUTFRONT Media from $17.43 to $18.45 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, OUTFRONT Media has a consensus rating of "Hold" and an average target price of $19.48.
View Our Latest Stock Analysis on OUTFRONT Media
OUTFRONT Media Price Performance
The stock's fifty day simple moving average is $18.51 and its 200-day simple moving average is $18.23. The company has a market capitalization of $3.12 billion, a P/E ratio of 13.71, a PEG 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.
Institutional Trading of OUTFRONT Media
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of OUTFRONT Media by 403.1% during the third quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider's stock worth $49,400,000 after acquiring an additional 2,153,423 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of OUTFRONT Media by 39,437.3% in the third quarter. Asset Management One Co. Ltd. now owns 196,896 shares of the financial services provider's stock valued at $3,619,000 after acquiring an additional 196,398 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in OUTFRONT Media during the third quarter worth about $318,000. Segall Bryant & Hamill LLC acquired a new position in OUTFRONT Media during the third quarter valued at approximately $5,762,000. Finally, Versor Investments LP bought a new position in OUTFRONT Media in the third quarter valued at approximately $608,000.
OUTFRONT Media Company Profile
(
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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.
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