Outfront Media Inc (NYSE:OUT) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $18.00.
A number of research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Outfront Media from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Zacks Investment Research downgraded shares of Outfront Media from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research report on Wednesday, April 1st. ValuEngine raised shares of Outfront Media from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 7th. Barrington Research reissued a “buy” rating and set a $17.00 price objective on shares of Outfront Media in a research report on Friday, May 8th. Finally, Imperial Capital reduced their price objective on shares of Outfront Media from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd.
Large investors have recently added to or reduced their stakes in the company. Sailer Financial LLC purchased a new stake in shares of Outfront Media in the 4th quarter worth about $35,000. Marshall Wace North America L.P. purchased a new stake in shares of Outfront Media in the 1st quarter worth about $44,000. Fred Alger Management LLC grew its position in shares of Outfront Media by 106.1% in the 4th quarter. Fred Alger Management LLC now owns 2,339 shares of the financial services provider’s stock worth $63,000 after buying an additional 1,204 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Outfront Media by 608.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,839 shares of the financial services provider’s stock worth $76,000 after buying an additional 2,438 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Outfront Media in the 4th quarter worth about $128,000. 96.25% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:OUT opened at $14.01 on Friday. The company has a fifty day moving average of $15.15 and a 200 day moving average of $20.50. Outfront Media has a 52 week low of $7.07 and a 52 week high of $31.20. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 3.79. The firm has a market capitalization of $2.07 billion, a P/E ratio of 14.81, a P/E/G ratio of 2.26 and a beta of 1.50.
Outfront Media (NYSE:OUT) last posted its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.17). The firm had revenue of $385.30 million for the quarter, compared to the consensus estimate of $377.40 million. Outfront Media had a net margin of 7.80% and a return on equity of 12.61%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. As a group, analysts anticipate that Outfront Media will post 0.69 EPS for the current year.
Outfront Media Company Profile
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 ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
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