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

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $18.23.

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, May 21st. Morgan Stanley decreased their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company dropped their price target on shares of OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. Barrington Research reiterated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered shares of OUTFRONT Media from a “hold” rating to a “sell” rating in a research note on Monday, May 12th.

Institutional Trading of OUTFRONT Media

A number of large investors have recently added to or reduced their stakes in OUT. FMR LLC lifted its stake in OUTFRONT Media by 132.5% during the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider’s stock valued at $276,819,000 after buying an additional 8,892,411 shares in the last quarter. Invesco Ltd. raised its holdings in shares of OUTFRONT Media by 7.6% during the first quarter. Invesco Ltd. now owns 7,836,183 shares of the financial services provider’s stock valued at $126,476,000 after acquiring an additional 555,568 shares during the period. Cohen & Steers Inc. lifted its position in shares of OUTFRONT Media by 87.8% in the 4th quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider’s stock valued at $93,015,000 after acquiring an additional 2,450,632 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake 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 purchasing an additional 448,993 shares during the period. Finally, Wellington Management Group LLP boosted its stake in OUTFRONT Media by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider’s stock worth $73,005,000 after purchasing an additional 342,413 shares during the period.

OUTFRONT Media Price Performance

OUT stock opened at $16.35 on Thursday. The stock’s 50 day moving average is $15.48 and its two-hundred day moving average is $17.21. OUTFRONT Media has a 52-week low of $12.95 and a 52-week high of $19.98. The company has a market capitalization of $2.73 billion, a PE ratio of 11.65, a P/E/G ratio of 1.06 and a beta of 1.89. 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 posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $390.70 million during the quarter, compared to analyst estimates of $396.17 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. Analysts predict that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.34%. OUTFRONT Media’s payout ratio is currently 78.95%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.