OUTFRONT Media (NYSE:OUT) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of OUTFRONT Media (NYSE:OUT) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

OUT has been the topic of several other research reports. Barrington Research upped their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock an outperform rating in a report on Tuesday. TD Cowen began coverage on OUTFRONT Media in a report on Tuesday, July 16th. They set a hold rating and a $16.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price target on OUTFRONT Media from $17.00 to $18.00 and gave the company a neutral rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $16.40.

OUTFRONT Media Stock Up 3.6 %

Shares of OUT opened at $15.59 on Tuesday. The company has a market capitalization of $2.59 billion, a P/E ratio of -5.86, a PEG ratio of 1.02 and a beta of 1.92. The company has a debt-to-equity ratio of 5.08, a current ratio of 0.58 and a quick ratio of 0.58. OUTFRONT Media has a one year low of $8.18 and a one year high of $17.02. The business’s 50 day simple moving average is $14.66 and its 200-day simple moving average is $14.83.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.60. OUTFRONT Media had a negative return on equity of 72.77% and a negative net margin of 23.38%. The firm had revenue of $477.30 million for the quarter, compared to the consensus estimate of $482.27 million. During the same quarter in the prior year, the business earned $0.47 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that OUTFRONT Media will post 1.55 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend is Friday, September 6th. OUTFRONT Media’s dividend payout ratio (DPR) is currently -45.11%.

Institutional Trading of OUTFRONT Media

Several hedge funds have recently added to or reduced their stakes in the business. Schnieders Capital Management LLC raised its stake in OUTFRONT Media by 5.3% during the 1st quarter. Schnieders Capital Management LLC now owns 16,000 shares of the financial services provider’s stock worth $269,000 after buying an additional 800 shares during the period. Quest Partners LLC raised its stake in OUTFRONT Media by 30.0% during the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after buying an additional 994 shares during the period. Gabelli Funds LLC raised its stake in OUTFRONT Media by 1.1% during the 4th quarter. Gabelli Funds LLC now owns 88,500 shares of the financial services provider’s stock worth $1,235,000 after buying an additional 1,000 shares during the period. Oppenheimer Asset Management Inc. raised its stake in OUTFRONT Media by 5.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock worth $332,000 after buying an additional 1,220 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in OUTFRONT Media by 10.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,193 shares of the financial services provider’s stock worth $217,000 after buying an additional 1,398 shares during the period.

OUTFRONT Media Company Profile

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.