JPMorgan Chase & Co. Lowers OUTFRONT Media (NYSE:OUT) Price Target to $19.00

OUTFRONT Media (NYSE:OUT - Get Free Report) had its price objective reduced by analysts at JPMorgan Chase & Co. from $20.00 to $19.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 21.06% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Morgan Stanley dropped their price objective on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Wall Street Zen cut OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Finally, Wells Fargo & Company dropped their price objective on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, OUTFRONT Media currently has an average rating of "Hold" and an average price target of $18.08.

OUTFRONT Media Stock Performance

OUT traded down $0.04 during trading on Wednesday, hitting $15.70. The stock had a trading volume of 1,273,116 shares, compared to its average volume of 1,678,169. The company has a 50 day moving average price of $15.39 and a 200-day moving average price of $17.42. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.06 and a beta of 1.84. OUTFRONT Media has a one year low of $12.95 and a one year high of $19.98. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $390.70 million during the quarter, compared to analyst estimates of $396.17 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. As a group, research analysts predict that OUTFRONT Media will post 1.59 EPS for the current year.

Hedge Funds Weigh In On OUTFRONT Media

A number of institutional investors have recently modified their holdings of OUT. FMR LLC grew its position in OUTFRONT Media by 132.5% during the 4th quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock worth $276,819,000 after acquiring an additional 8,892,411 shares during the last quarter. Invesco Ltd. boosted its position in shares of OUTFRONT Media by 7.6% during the 1st quarter. Invesco Ltd. now owns 7,836,183 shares of the financial services provider's stock valued at $126,476,000 after purchasing an additional 555,568 shares in the last quarter. Cohen & Steers Inc. boosted its position in shares of OUTFRONT Media by 87.8% during the 4th quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider's stock valued at $93,015,000 after purchasing an additional 2,450,632 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in OUTFRONT Media by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider's stock worth $80,393,000 after acquiring an additional 448,993 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in OUTFRONT Media by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider's stock worth $73,005,000 after acquiring an additional 342,413 shares in the last quarter.

About OUTFRONT Media

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.