Wall Street Zen Downgrades OUTFRONT Media (NYSE:OUT) to Buy

OUTFRONT Media (NYSE:OUT) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $38.00 target price on shares of OUTFRONT Media in a research note on Wednesday, July 22nd. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a report on Friday, May 8th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.57.

OUTFRONT Media Trading Up 0.6%

Shares of OUT stock opened at $32.22 on Friday. OUTFRONT Media has a 12 month low of $16.64 and a 12 month high of $34.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. The business’s 50 day moving average is $32.24 and its two-hundred day moving average is $29.18. The company has a market cap of $5.67 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.52 and a beta of 1.48.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The company had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts predict that OUTFRONT Media will post 2.11 EPS for the current year.

Insider Buying and Selling at OUTFRONT Media

In related news, EVP Richard H. Sauer sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total transaction of $160,400.00. Following the completion of the transaction, the executive vice president directly owned 56,947 shares in the company, valued at $1,826,859.76. This represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James Michael Norton purchased 4,130 shares of OUTFRONT Media stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $30.81 per share, with a total value of $127,245.30. Following the completion of the acquisition, the executive vice president owned 4,130 shares in the company, valued at approximately $127,245.30. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 20,000 shares of company stock worth $629,600. 0.45% of the stock is currently owned by corporate insiders.

Institutional Trading of OUTFRONT Media

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL raised its position in shares of OUTFRONT Media by 0.7% during the first quarter. Gamco Investors INC. ET AL now owns 51,648 shares of the financial services provider’s stock valued at $1,369,000 after buying an additional 351 shares during the last quarter. GAMMA Investing LLC grew its position in OUTFRONT Media by 4.6% during the second quarter. GAMMA Investing LLC now owns 10,048 shares of the financial services provider’s stock worth $329,000 after buying an additional 440 shares in the last quarter. CWM LLC grew its position in OUTFRONT Media by 5.5% during the fourth quarter. CWM LLC now owns 8,682 shares of the financial services provider’s stock worth $209,000 after buying an additional 453 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in OUTFRONT Media by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 468 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in OUTFRONT Media by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,256 shares of the financial services provider’s stock valued at $801,000 after acquiring an additional 500 shares during the period.

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.