OUTFRONT Media (NYSE:OUT) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of OUTFRONT Media (NYSE:OUT) in a research note published on Thursday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $22.00 price objective on the financial services provider’s stock.

A number of other equities research analysts also recently commented on the company. TD Cowen assumed coverage on OUTFRONT Media in a report on Tuesday, July 16th. They issued a hold rating and a $16.00 target price for the company. Barrington Research raised their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an outperform rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. upped their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a neutral rating in a research report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of OUTFRONT Media from a hold rating to a buy rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $17.20.

OUTFRONT Media Trading Up 1.0 %

Shares of OUTFRONT Media stock opened at $18.25 on Thursday. The company has a fifty day simple moving average of $16.14 and a 200-day simple moving average of $15.46. OUTFRONT Media has a 12-month low of $8.18 and a 12-month high of $18.65. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -6.86, a PEG ratio of 1.10 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The firm had revenue of $477.30 million for the quarter, compared to analyst estimates of $482.27 million. During the same quarter last year, the company posted $0.47 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts forecast that OUTFRONT Media will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date is Friday, September 6th. OUTFRONT Media’s dividend payout ratio is presently -45.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP raised its stake in shares of OUTFRONT Media by 258.8% in the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,325 shares in the last quarter. National Bank of Canada FI bought a new stake in OUTFRONT Media in the second quarter worth about $28,000. Riverview Trust Co bought a new stake in OUTFRONT Media in the first quarter worth about $33,000. Quest Partners LLC lifted its holdings in OUTFRONT Media by 30.0% in the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 994 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of OUTFRONT Media by 105.2% during the 1st quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,973 shares in the last quarter.

About OUTFRONT Media

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.