Barrington Research Reaffirms "Outperform" Rating for OUTFRONT Media (NYSE:OUT)

Key Points

• Barrington Research has reaffirmed an "outperform" rating for OUTFRONT Media (NYSE:OUT) with a price target of $21.00, indicating a potential upside of 14.75% from the current price.
• OUTFRONT Media reported $0.51 earnings per share (EPS), surpassing analysts' expectations of $0.48, but experienced a 3.6% revenue decline year-over-year.
• Current market sentiment is mixed, with one sell rating, three hold ratings, and three buy ratings from different analysts, leading to an average rating of "Hold" with a target price of $19.00.

OUTFRONT Media (NYSE:OUT - Get Free Report)'s stock had its "outperform" rating restated by equities researchers at Barrington Research in a research note issued on Wednesday,Benzinga reports. They presently have a $21.00 price objective on the financial services provider's stock. Barrington Research's target price would suggest a potential upside of 14.75% from the company's current price.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Citigroup reiterated a "buy" rating and set a $19.00 price objective (up previously from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Morgan Stanley lifted their price objective on shares of OUTFRONT Media from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday. Wall Street Zen lowered shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of OUTFRONT Media in a report on Sunday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $19.00.

OUTFRONT Media Trading Up 1.9%

OUTFRONT Media stock opened at $18.30 on Wednesday. OUTFRONT Media has a 52 week low of $12.95 and a 52 week high of $19.50. The company has a debt-to-equity ratio of 4.37, a quick ratio of 0.61 and a current ratio of 0.61. The business's 50-day simple moving average is $16.93 and its 200-day simple moving average is $16.75. The firm has a market capitalization of $3.06 billion, a PE ratio of 12.05, a PEG ratio of 1.09 and a beta of 1.89.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. The business had revenue of $460.20 million for the quarter, compared to analyst estimates of $463.16 million. During the same quarter last year, the firm earned $0.50 EPS. OUTFRONT Media's revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts forecast that OUTFRONT Media will post 1.59 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Richard H. Sauer sold 29,891 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $471,978.89. Following the completion of the sale, the executive vice president directly owned 90,945 shares in the company, valued at approximately $1,436,021.55. The trade was a 24.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Nissay Asset Management Corp Japan ADV raised its position in OUTFRONT Media by 5.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock worth $199,000 after acquiring an additional 596 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of OUTFRONT Media by 4.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock valued at $284,000 after acquiring an additional 629 shares in the last quarter. Signaturefd LLC increased its stake in shares of OUTFRONT Media by 8.5% in the 1st quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock valued at $149,000 after acquiring an additional 722 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in OUTFRONT Media by 1.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 40,753 shares of the financial services provider's stock valued at $665,000 after purchasing an additional 740 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in OUTFRONT Media by 2.1% during the 2nd quarter. Bank of Montreal Can now owns 36,066 shares of the financial services provider's stock worth $589,000 after acquiring an additional 758 shares during the last quarter.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.