OUTFRONT Media Inc. (NYSE:OUT) Receives Consensus Recommendation of “Hold” from Brokerages

OUTFRONT Media Inc. (NYSE:OUT) has earned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.00.

OUT has been the subject of a number of research reports. Wells Fargo & Company started coverage on OUTFRONT Media in a research note on Thursday, September 19th. They set an “overweight” rating and a $22.00 price target for the company. StockNews.com cut OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Wolfe Research cut shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Barrington Research reissued an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, November 13th. Finally, Morgan Stanley boosted their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Wednesday.

Institutional Trading of OUTFRONT Media

Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in OUTFRONT Media by 3.9% during the second quarter. Nisa Investment Advisors LLC now owns 124,054 shares of the financial services provider’s stock valued at $1,774,000 after purchasing an additional 4,643 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of OUTFRONT Media by 2.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 73,400 shares of the financial services provider’s stock valued at $1,050,000 after acquiring an additional 1,500 shares in the last quarter. Bailard Inc. acquired a new position in shares of OUTFRONT Media in the second quarter worth $180,000. Rhumbline Advisers raised its holdings in shares of OUTFRONT Media by 0.9% during the second quarter. Rhumbline Advisers now owns 496,221 shares of the financial services provider’s stock worth $7,096,000 after acquiring an additional 4,193 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in OUTFRONT Media during the second quarter valued at $28,000.

OUTFRONT Media Price Performance

Shares of NYSE OUT opened at $17.54 on Thursday. The stock has a market cap of $2.91 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.20 and a beta of 1.96. The firm’s 50-day simple moving average is $18.64 and its 200 day simple moving average is $16.78. OUTFRONT Media has a fifty-two week low of $12.27 and a fifty-two week high of $19.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00.

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

OUTFRONT Media Cuts Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s dividend payout ratio is currently 87.59%.

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.