OUTFRONT Media Inc. (NYSE:OUT) Receives $24.57 Consensus PT from Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received an average recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.5714.

Several research firms have issued reports on OUT. Wells Fargo & Company reiterated an “overweight” rating and set a $27.00 price objective (up from $23.00) on shares of OUTFRONT Media in a research note on Thursday, December 18th. Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $20.00 to $28.00 in a research report on Tuesday, December 16th. Citigroup reiterated a “buy” rating and issued a $23.00 price target (up from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. TD Cowen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, November 11th. Finally, Cowen raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th.

Insider Activity

In other news, Director Manuel A. Diaz sold 11,270 shares of OUTFRONT Media stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $22.18, for a total transaction of $249,968.60. Following the sale, the director owned 58,786 shares in the company, valued at $1,303,873.48. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OUTFRONT Media

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in OUTFRONT Media by 9.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after buying an additional 448,993 shares in the last quarter. Wellington Management Group LLP increased its position in shares of OUTFRONT Media by 15.3% during the third quarter. Wellington Management Group LLP now owns 3,973,868 shares of the financial services provider’s stock worth $72,801,000 after acquiring an additional 527,258 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its stake in shares of OUTFRONT Media by 24.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 3,925,402 shares of the financial services provider’s stock worth $64,063,000 after acquiring an additional 758,952 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in OUTFRONT Media by 10.5% in the second quarter. Qube Research & Technologies Ltd now owns 2,888,621 shares of the financial services provider’s stock valued at $47,142,000 after purchasing an additional 275,023 shares during the last quarter. Finally, GRS Advisors LLC boosted its holdings in OUTFRONT Media by 12.8% in the third quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock valued at $45,218,000 after purchasing an additional 279,326 shares during the last quarter.

OUTFRONT Media Stock Performance

Shares of NYSE:OUT opened at $23.68 on Monday. The business has a 50-day moving average of $22.10 and a two-hundred day moving average of $19.39. The firm has a market capitalization of $3.96 billion, a PE ratio of 34.82, a P/E/G ratio of 1.19 and a beta of 1.57. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.79 and a quick ratio of 0.79. OUTFRONT Media has a 12 month low of $12.95 and a 12 month high of $24.84.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.21). The firm had revenue of $467.50 million during the quarter, compared to analyst estimates of $458.32 million. OUTFRONT Media had a net margin of 6.86% and a return on equity of 21.56%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. As a group, research analysts forecast that OUTFRONT Media will post 1.59 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 annualized dividend and a yield of 5.1%. OUTFRONT Media’s dividend payout ratio (DPR) is 176.47%.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.