Brokerages Set OUTFRONT Media Inc. (NYSE:OUT) Price Target at $30.71

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $30.7143.

A number of research analysts have commented on OUT shares. Wall Street Zen downgraded OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research note on Friday, May 8th. Zacks Research downgraded OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. TD Cowen restated a “buy” rating and issued a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Finally, Barrington Research set a $38.00 target price on OUTFRONT Media in a research note on Tuesday, May 12th.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $33.17 on Monday. OUTFRONT Media has a 1-year low of $16.05 and a 1-year high of $34.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 1.57 and a beta of 1.49. The stock’s fifty day simple moving average is $31.54 and its 200-day simple moving average is $27.87.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The business had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. OUTFRONT Media’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, sell-side analysts predict that OUTFRONT Media will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a $0.30 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.6%. OUTFRONT Media’s payout ratio is 114.29%.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value of $160,400.00. Following the transaction, the executive vice president owned 56,947 shares in the company, valued at $1,826,859.76. The trade was a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James Michael Norton purchased 4,130 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of $30.81 per share, with a total value of $127,245.30. Following the purchase, the executive vice president owned 4,130 shares in the company, valued at $127,245.30. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 70,000 shares of company stock worth $1,919,100 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

Institutional Trading of OUTFRONT Media

Several large investors have recently made changes to their positions in OUT. Advisory Services Network LLC bought a new stake in shares of OUTFRONT Media during the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of OUTFRONT Media by 74.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 686 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of OUTFRONT Media by 157.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of OUTFRONT Media during the 4th quarter worth about $71,000. Finally, IFP Advisors Inc boosted its stake in shares of OUTFRONT Media by 16.5% during the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 582 shares in the last quarter.

OUTFRONT Media Company Profile

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.