OUTFRONT Media Inc. (NYSE:OUT) Receives Consensus Rating of “Moderate Buy” from Analysts

OUTFRONT Media Inc. (NYSE:OUT) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.8571.

A number of brokerages have weighed in on OUT. Barrington Research boosted their price target on OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. TD Cowen lifted their target price on OUTFRONT Media from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Morgan Stanley raised OUTFRONT Media from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $20.00 to $28.00 in a report on Tuesday, December 16th. Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company raised their price target on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, February 27th.

Insider Activity

In other news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total transaction of $276,026.79. Following the completion of the sale, the director owned 47,515 shares in the company, valued at $1,163,642.35. The trade was a 19.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OUTFRONT Media

A number of large investors have recently made changes to their positions in the company. Hsbc Holdings PLC bought a new position in shares of OUTFRONT Media during the fourth quarter worth approximately $4,109,000. Corient Private Wealth LLC boosted its stake in shares of OUTFRONT Media by 5.4% in the fourth quarter. Corient Private Wealth LLC now owns 129,038 shares of the financial services provider’s stock valued at $3,118,000 after buying an additional 6,583 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of OUTFRONT Media in the fourth quarter valued at approximately $220,000. Mackenzie Financial Corp acquired a new stake in OUTFRONT Media during the fourth quarter worth approximately $1,865,000. Finally, NewEdge Advisors LLC grew its position in OUTFRONT Media by 12.8% during the fourth quarter. NewEdge Advisors LLC now owns 15,977 shares of the financial services provider’s stock worth $385,000 after buying an additional 1,808 shares in the last quarter.

OUTFRONT Media Stock Performance

OUT opened at $26.20 on Friday. The business’s 50-day simple moving average is $26.16 and its 200 day simple moving average is $22.55. OUTFRONT Media has a 52-week low of $12.95 and a 52-week high of $29.27. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $4.61 billion, a PE ratio of 32.76, a PEG ratio of 1.32 and a beta of 1.51.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. The company had revenue of $513.30 million during the quarter, compared to the consensus estimate of $511.61 million. As a group, sell-side analysts expect that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, March 6th. OUTFRONT Media’s dividend payout ratio is currently 150.00%.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.