OUTFRONT Media (NYSE:OUT) Shares Cross Above 50 Day Moving Average - Should You Sell?

Shares of OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.77 and traded as high as $19.10. OUTFRONT Media shares last traded at $18.86, with a volume of 2,914,581 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wolfe Research lowered OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 24th. Morgan Stanley lifted 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. Barrington Research reaffirmed an "outperform" rating and set a $21.53 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Finally, StockNews.com lowered OUTFRONT Media from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $19.48.

OUTFRONT Media Stock Performance

The company has a fifty day moving average of $18.77 and a two-hundred day moving average of $17.88. The stock has a market capitalization of $3.01 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.08 and a beta of 1.96. 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 (NYSE:OUT - Get Free Report) last posted its quarterly 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 $0.40 by ($0.21). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $451.90 million during the quarter, compared to the consensus estimate of $456.38 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The company's quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that OUTFRONT Media Inc. will post 1.6 EPS for the current year.

OUTFRONT Media Cuts Dividend

The company also recently declared a special dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th were paid a dividend of $0.7688 per share. The ex-dividend date was Friday, November 15th. OUTFRONT Media's payout ratio is currently 87.68%.

Hedge Funds Weigh In On OUTFRONT Media

Several hedge funds have recently made changes to their positions in OUT. JPMorgan Chase & Co. increased 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 valued at $49,400,000 after purchasing an additional 2,153,423 shares during the period. Asset Management One Co. Ltd. increased its stake in 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 valued at $3,619,000 after buying an additional 196,398 shares during the period. Sanctuary Advisors LLC purchased a new stake in OUTFRONT Media in the 3rd quarter worth approximately $318,000. Versor Investments LP acquired a new stake in shares of OUTFRONT Media during the 3rd quarter valued at $608,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of OUTFRONT Media during the 3rd quarter valued at $5,762,000.

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.