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

Shares of OUTFRONT Media Inc. (NYSE:OUT) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.25.

Several research analysts have weighed in on the stock. Wolfe Research downgraded shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Wells Fargo & Company began coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Barrington Research reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Finally, StockNews.com downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th.

OUTFRONT Media Price Performance

OUT opened at $19.13 on Friday. The company’s 50-day simple moving average is $18.34 and its two-hundred day simple moving average is $16.24. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $3.18 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.21 and a beta of 1.94. OUTFRONT Media has a 52-week low of $11.98 and a 52-week high of $19.33.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.20). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $456.38 million. During the same period in the previous year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts predict that OUTFRONT Media will post 1.56 EPS for the current year.

OUTFRONT Media Cuts Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be issued a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 87.59%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP grew its holdings in OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares during the last quarter. National Bank of Canada FI bought a new position in shares of OUTFRONT Media during the second quarter valued at approximately $28,000. Harbor Capital Advisors Inc. purchased a new stake in shares of OUTFRONT Media in the third quarter worth approximately $32,000. Virtus Fund Advisers LLC bought a new stake in shares of OUTFRONT Media during the 3rd quarter worth approximately $49,000. Finally, Quest Partners LLC boosted its holdings 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 valued at $62,000 after acquiring an additional 994 shares during the period.

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.