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

OUTFRONT Media Inc. (NYSE:OUT) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $32.5714.

Several research analysts have recently weighed in on OUT shares. Wall Street Zen raised shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Morgan Stanley set a $37.00 target price on shares of OUTFRONT Media in a research note on Friday, May 8th. TD Cowen reissued a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Barrington Research set a $38.00 price target on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $38.00 price objective on shares of OUTFRONT Media in a report on Wednesday.

OUTFRONT Media Price Performance

OUT stock opened at $31.88 on Friday. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50 day simple moving average of $32.22 and a 200-day simple moving average of $29.07. The firm has a market capitalization of $5.61 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.51 and a beta of 1.48. OUTFRONT Media has a 1 year low of $16.64 and a 1 year high of $34.96.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. Equities research analysts anticipate that OUTFRONT Media will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, June 5th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 114.29%.

Insider Activity

In other news, EVP Richard H. Sauer sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the transaction, the executive vice president directly owned 56,947 shares in the company, valued at approximately $1,826,859.76. This represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James Michael Norton bought 4,130 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $30.81 per share, with a total value of $127,245.30. Following the acquisition, the executive vice president directly owned 4,130 shares in the company, valued at $127,245.30. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have sold 20,000 shares of company stock valued at $629,600. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OUT. Polar Asset Management Partners Inc. purchased a new stake in OUTFRONT Media during the third quarter worth about $5,622,000. Burney Co. acquired a new stake in shares of OUTFRONT Media during the fourth quarter worth about $735,000. BTC Capital Management Inc. purchased a new position in shares of OUTFRONT Media in the fourth quarter valued at approximately $3,625,000. Pensionfund PDN acquired a new position in shares of OUTFRONT Media in the fourth quarter valued at approximately $1,027,000. Finally, Vanguard Group Inc. increased its stake in OUTFRONT Media by 5.3% during the 4th 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 period.

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.