Outfront Media Inc (OUT) Receives $24.75 Average PT from Analysts

Shares of Outfront Media Inc (NYSE:OUT) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $24.75.

A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of Outfront Media from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Citigroup cut their price target on shares of Outfront Media from $23.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 17th. Morgan Stanley cut their price target on shares of Outfront Media from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, June 22nd. Zacks Investment Research raised shares of Outfront Media from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $27.00 price target (up previously from $25.00) on shares of Outfront Media in a report on Thursday, August 9th.

Shares of Outfront Media stock traded up $0.04 on Wednesday, reaching $19.92. 54,745 shares of the stock were exchanged, compared to its average volume of 1,200,024. Outfront Media has a one year low of $17.75 and a one year high of $25.30. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.98. The company has a market cap of $2.77 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 7.23%. The ex-dividend date is Thursday, September 6th. Outfront Media’s payout ratio is 72.00%.

Large investors have recently modified their holdings of the stock. Cove Street Capital LLC bought a new position in Outfront Media in the 2nd quarter valued at approximately $134,000. Point72 Asset Management L.P. bought a new position in Outfront Media in the 1st quarter valued at approximately $147,000. Point72 Asia Hong Kong Ltd lifted its stake in Outfront Media by 485.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 8,301 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 6,883 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Outfront Media by 70.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 4,467 shares during the last quarter. Finally, TLP Group LLC lifted its stake in Outfront Media by 6,494.0% in the 1st quarter. TLP Group LLC now owns 12,133 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 11,949 shares during the last quarter. 98.09% of the stock is owned by institutional investors and hedge funds.

About Outfront Media

OUTFRONT Media connects 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 ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.

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