JPMorgan Chase & Co. Boosts OUTFRONT Media (NYSE:OUT) Price Target to $18.00

OUTFRONT Media (NYSE:OUT) had its price target increased by JPMorgan Chase & Co. from $17.00 to $18.00 in a report released on Wednesday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

OUT has been the subject of a number of other research reports. Barrington Research reiterated an outperform rating and set a $17.00 price target on shares of OUTFRONT Media in a research report on Monday, July 15th. TD Cowen initiated coverage on shares of OUTFRONT Media in a research note on Tuesday, July 16th. They issued a hold rating and a $16.00 price target for the company. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $16.20.

OUTFRONT Media Trading Down 5.5 %

OUTFRONT Media stock opened at $15.03 on Wednesday. The stock has a market cap of $2.49 billion, a P/E ratio of -5.65, a PEG ratio of 1.02 and a beta of 1.92. OUTFRONT Media has a fifty-two week low of $8.18 and a fifty-two week high of $17.02. The firm’s fifty day moving average price is $14.61 and its 200-day moving average price is $14.76. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.58 and a current ratio of 0.58.

Institutional Trading of OUTFRONT Media

A number of hedge funds have recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of OUTFRONT Media during the second quarter worth approximately $28,000. Rhumbline Advisers grew its stake in shares of OUTFRONT Media by 0.9% during the second quarter. Rhumbline Advisers now owns 496,221 shares of the financial services provider’s stock valued at $7,096,000 after buying an additional 4,193 shares during the last quarter. Bailard Inc. purchased a new position in shares of OUTFRONT Media in the second quarter worth about $180,000. Louisiana State Employees Retirement System lifted its stake in shares of OUTFRONT Media by 2.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 73,400 shares of the financial services provider’s stock valued at $1,050,000 after acquiring an additional 1,500 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. boosted its holdings in OUTFRONT Media by 5.5% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 1,408,093 shares of the financial services provider’s stock valued at $20,136,000 after acquiring an additional 73,645 shares during the period.

About OUTFRONT Media

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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.