OUTFRONT Media (NYSE:OUT) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.05 and traded as low as $18.05. OUTFRONT Media shares last traded at $18.27, with a volume of 1,340,480 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on OUT. 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 restated an "outperform" rating and set a $21.53 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th. StockNews.com cut shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Finally, Morgan Stanley raised their price objective on OUTFRONT Media from $17.43 to $18.45 and gave the company an "equal weight" rating in a research 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 company's stock. Based on data from MarketBeat, OUTFRONT Media presently has an average rating of "Hold" and a consensus target price of $19.48.

OUTFRONT Media Stock Performance

The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.97. The stock's fifty day moving average is $18.59 and its two-hundred day moving average is $18.08.

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 $0.40 by ($0.21). The business had revenue of $451.90 million for the quarter, compared to analysts' expectations of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. Analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

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

Hedge Funds Weigh In On OUTFRONT Media

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in OUTFRONT Media by 403.1% in the third quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider's stock valued at $49,400,000 after buying an additional 2,153,423 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of 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 worth $3,619,000 after acquiring an additional 196,398 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of OUTFRONT Media in the 3rd quarter valued at approximately $318,000. Segall Bryant & Hamill LLC acquired a new stake in shares of OUTFRONT Media during the 3rd quarter valued at approximately $5,762,000. Finally, Versor Investments LP bought a new position in OUTFRONT Media during the third quarter worth $608,000.

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.