OUTFRONT Media Inc. (NYSE:OUT) Given Average Recommendation of “Hold” by Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.50.

OUT has been the topic of several analyst reports. TD Cowen initiated coverage on shares of OUTFRONT Media in a research note on Tuesday, July 16th. They set a “hold” rating and a $16.00 price target on the stock. Barrington Research raised their price target 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 cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Wolfe Research cut shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st.

OUTFRONT Media Price Performance

Shares of NYSE OUT opened at $18.07 on Wednesday. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.16 and a beta of 1.94. OUTFRONT Media has a 52 week low of $11.06 and a 52 week high of $19.33. The company’s 50-day moving average price is $17.89 and its 200 day moving average price is $15.99. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $482.27 million. During the same period in the prior year, the company earned $0.47 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. As a group, research analysts forecast that OUTFRONT Media will post 1.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OUT. Lasalle Investment Management Securities LLC grew its stake in OUTFRONT Media by 17.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock worth $47,733,000 after buying an additional 419,706 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of OUTFRONT Media by 48.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider’s stock valued at $10,174,000 after acquiring an additional 232,300 shares in the last quarter. Duality Advisers LP acquired a new position in shares of OUTFRONT Media during the 1st quarter valued at $944,000. BNP Paribas Financial Markets lifted its holdings in shares of OUTFRONT Media by 51.9% during the 1st quarter. BNP Paribas Financial Markets now owns 375,690 shares of the financial services provider’s stock valued at $6,308,000 after acquiring an additional 128,343 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of OUTFRONT Media by 266.2% during the 2nd quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider’s stock valued at $697,000 after acquiring an additional 35,409 shares in the last quarter.

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.