OUTFRONT Media Inc. (OUT) Rating Increased to Buy at ValuEngine
OUTFRONT Media Inc. (NYSE:OUT) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Monday.
Several other research firms have also commented on OUT. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Loop Capital upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Monday, June 5th. BidaskClub lowered shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Barrington Research restated an “outperform” rating and issued a $26.00 price target (down previously from $29.00) on shares of OUTFRONT Media in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. OUTFRONT Media currently has a consensus rating of “Hold” and an average price target of $29.86.
Shares of OUTFRONT Media (NYSE:OUT) traded down 3.77% during trading on Monday, reaching $24.23. The company had a trading volume of 1,412,283 shares. OUTFRONT Media has a 12 month low of $20.82 and a 12 month high of $27.89. The stock has a market capitalization of $3.36 billion, a PE ratio of 32.35 and a beta of 1.19. The stock’s 50-day moving average price is $22.16 and its 200-day moving average price is $23.51.
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Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Asset Management Americas Inc. increased its position in shares of OUTFRONT Media by 20.8% in the first quarter. UBS Asset Management Americas Inc. now owns 128,394 shares of the financial services provider’s stock worth $3,409,000 after acquiring an additional 22,103 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of OUTFRONT Media during the first quarter valued at approximately $454,000. Parametric Portfolio Associates LLC raised its holdings in shares of OUTFRONT Media by 2.3% during the first quarter. Parametric Portfolio Associates LLC now owns 291,368 shares of the financial services provider’s stock valued at $7,736,000 after acquiring an additional 6,600 shares during the period. Oxford Asset Management acquired a new stake in shares of OUTFRONT Media during the first quarter valued at approximately $882,000. Finally, Pacer Advisors Inc. raised its holdings in shares of OUTFRONT Media by 14.6% during the first quarter. Pacer Advisors Inc. now owns 12,588 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 1,605 shares during the period.
About OUTFRONT Media
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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