OUTFRONT Media (NYSE:OUT) Price Target Raised to $33.00

OUTFRONT Media (NYSE:OUT) had its price target raised by Barrington Research from $27.00 to $33.00 in a research report released on Monday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

OUT has been the topic of a number of other research reports. New Street Research set a $24.00 price target on OUTFRONT Media in a research report on Tuesday, November 11th. JPMorgan Chase & Co. upgraded OUTFRONT Media from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $25.00 in a research report on Wednesday, November 12th. Zacks Research upgraded OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Wells Fargo & Company upped their target price on OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, Citigroup reiterated a “buy” rating and set a $23.00 price target (up from $20.00) on shares of OUTFRONT Media in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat, OUTFRONT Media has an average rating of “Buy” and an average target price of $27.86.

OUTFRONT Media Trading Up 0.8%

Shares of OUT opened at $28.95 on Monday. OUTFRONT Media has a 1-year low of $12.95 and a 1-year high of $29.27. The company has a market capitalization of $5.10 billion, a P/E ratio of 36.19, a P/E/G ratio of 1.42 and a beta of 1.51. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50 day simple moving average is $25.36 and its 200 day simple moving average is $21.85.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). The company had revenue of $513.30 million during the quarter, compared to the consensus estimate of $511.61 million. OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%. Sell-side analysts forecast that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, March 6th. OUTFRONT Media’s payout ratio is 150.00%.

Insiders Place Their Bets

In other news, Director Manuel A. Diaz sold 11,271 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total transaction of $276,026.79. Following the completion of the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $1,163,642.35. This represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OUT. Vanguard Group Inc. boosted its position in OUTFRONT Media by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock valued at $545,983,000 after buying an additional 1,131,954 shares during the period. Cohen & Steers Inc. raised its stake in shares of OUTFRONT Media by 2.2% during the fourth quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock valued at $537,779,000 after acquiring an additional 486,192 shares during the last quarter. State Street Corp boosted its holdings in shares of OUTFRONT Media by 2.1% during the fourth quarter. State Street Corp now owns 5,483,013 shares of the financial services provider’s stock worth $132,141,000 after purchasing an additional 111,084 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of OUTFRONT Media by 9.9% in the first 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 last quarter. Finally, Wellington Management Group LLP increased its holdings in OUTFRONT Media by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 4,309,133 shares of the financial services provider’s stock valued at $103,850,000 after purchasing an additional 335,265 shares during the period.

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.