OUTFRONT Media Inc. (NYSE:OUT) Receives Average Recommendation of “Hold” from Analysts

OUTFRONT Media Inc. (NYSE:OUT) has been given an average recommendation of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.25.

A number of research firms recently weighed in on OUT. JPMorgan Chase & Co. upped their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Barrington Research reaffirmed an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Wells Fargo & Company initiated coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price objective on the stock. Wolfe Research downgraded shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th.

OUTFRONT Media Price Performance

Shares of OUT stock opened at $19.13 on Friday. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $3.18 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.21 and a beta of 1.94. The company’s 50-day simple moving average is $18.34 and its two-hundred day simple moving average is $16.24. OUTFRONT Media has a one year low of $11.98 and a one year high of $19.33.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.20). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. During the same period last year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts anticipate that OUTFRONT Media will post 1.56 EPS for the current year.

OUTFRONT Media Cuts Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s payout ratio is 87.59%.

Hedge Funds Weigh In On OUTFRONT Media

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC boosted 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 worth $123,363,000 after purchasing an additional 803,292 shares in the last quarter. DigitalBridge Group Inc. boosted its holdings in OUTFRONT Media by 11.7% in the second quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider’s stock worth $44,703,000 after acquiring an additional 327,125 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in OUTFRONT Media by 17.3% in the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock worth $47,733,000 after acquiring an additional 419,706 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of OUTFRONT Media by 10.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider’s stock worth $30,567,000 after acquiring an additional 210,208 shares during the last quarter. Finally, Land & Buildings Investment Management LLC acquired a new position in shares of OUTFRONT Media during the second quarter valued at about $22,724,000.

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.