OUTFRONT Media Inc. (NYSE:OUT) Receives $16.00 Average PT from Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been assigned a consensus rating of “Hold” from the four brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $16.00.

Several analysts have recently weighed in on OUT shares. JPMorgan Chase & Co. raised their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Barrington Research lifted their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. StockNews.com upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Finally, TD Cowen began coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price for the company.

Hedge Funds Weigh In On OUTFRONT Media

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP boosted its stake in OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares during the last quarter. Algert Global LLC increased its position in shares of OUTFRONT Media by 8.7% during the 2nd quarter. Algert Global LLC now owns 834,530 shares of the financial services provider’s stock valued at $11,934,000 after purchasing an additional 66,516 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in OUTFRONT Media during the second quarter valued at approximately $230,000. Millennium Management LLC raised its holdings in OUTFRONT Media by 7.9% in the 2nd quarter. Millennium Management LLC now owns 1,304,725 shares of the financial services provider’s stock worth $18,658,000 after purchasing an additional 94,997 shares during the period. Finally, Dark Forest Capital Management LP raised its stake in shares of OUTFRONT Media by 3.0% in the second quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider’s stock worth $359,000 after buying an additional 738 shares during the period.

OUTFRONT Media Stock Up 1.6 %

OUT opened at $17.14 on Tuesday. OUTFRONT Media has a 12 month low of $8.18 and a 12 month high of $17.27. The company has a 50 day moving average of $15.84 and a 200 day moving average of $15.35. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71. The company has a market cap of $2.84 billion, a PE ratio of -6.44, a price-to-earnings-growth ratio of 1.10 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $482.27 million. During the same period in the previous year, the business earned $0.47 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, sell-side analysts expect that OUTFRONT Media will post 1.53 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a $0.30 dividend. The ex-dividend date is Friday, September 6th. This represents a $1.20 annualized dividend and a dividend yield of 7.00%. OUTFRONT Media’s payout ratio is currently -45.11%.

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