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

OUTFRONT Media Inc. (NYSE:OUT) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.7143.

Several equities analysts have recently weighed in on the company. TD Cowen restated a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Zacks Research cut OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Wells Fargo & Company raised their price objective on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Wall Street Zen lowered OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Barrington Research set a $38.00 price objective on OUTFRONT Media in a research note on Tuesday, May 12th.

Insiders Place Their Bets

In other OUTFRONT Media news, EVP Richard H. Sauer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $31.36, for a total transaction of $156,800.00. Following the transaction, the executive vice president owned 76,947 shares of the company’s stock, valued at $2,413,057.92. The trade was a 6.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Michael Norton purchased 4,130 shares of the stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $30.81 per share, for a total transaction of $127,245.30. Following the transaction, the executive vice president owned 4,130 shares of the company’s stock, valued at approximately $127,245.30. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 60,000 shares of company stock valued at $1,603,050 over the last 90 days. 0.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OUTFRONT Media

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in OUTFRONT Media by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock worth $545,983,000 after buying an additional 1,131,954 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in shares of OUTFRONT Media by 2.2% during the fourth quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock worth $537,779,000 after acquiring an additional 486,192 shares during the period. State Street Corp boosted its holdings in shares of OUTFRONT Media by 2.1% during the fourth quarter. State Street Corp now owns 5,483,013 shares of the financial services provider’s stock worth $132,141,000 after acquiring an additional 111,084 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of OUTFRONT Media by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after acquiring an additional 448,993 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of OUTFRONT Media by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 4,309,133 shares of the financial services provider’s stock worth $103,850,000 after acquiring an additional 335,265 shares during the period.

OUTFRONT Media Price Performance

OUT stock opened at $31.20 on Monday. The stock has a 50-day moving average price of $31.26 and a two-hundred day moving average price of $27.56. The stock has a market cap of $5.49 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 1.47 and a beta of 1.49. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90. OUTFRONT Media has a 1 year low of $15.45 and a 1 year high of $34.96.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. Equities analysts forecast that OUTFRONT Media will post 2.12 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, June 5th. OUTFRONT Media’s payout ratio is 114.29%.

About OUTFRONT Media

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.