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

OUTFRONT Media (NYSE:OUT - Get Free Report) had its price target lowered by analysts at JPMorgan Chase & Co. from $20.00 to $19.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 17.47% from the company's current price.

OUT has been the subject of several other reports. StockNews.com cut OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Morgan Stanley reduced their price objective on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Barrington Research reaffirmed an "outperform" rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their target price on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, OUTFRONT Media currently has an average rating of "Hold" and an average target price of $18.08.

OUTFRONT Media Trading Down 1.0%

OUTFRONT Media stock traded down $0.17 during midday trading on Wednesday, reaching $16.18. The stock had a trading volume of 138,934 shares, compared to its average volume of 1,671,478. The stock's 50-day simple moving average is $15.43 and its 200 day simple moving average is $17.48. The stock has a market capitalization of $2.70 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.06 and a beta of 1.84. OUTFRONT Media has a twelve month low of $12.95 and a twelve month high of $19.98. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65.

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

Institutional Investors Weigh In On OUTFRONT Media

Several large investors have recently added to or reduced their stakes in OUT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of OUTFRONT Media by 1.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider's stock worth $532,000 after acquiring an additional 558 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in OUTFRONT Media by 5.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock worth $199,000 after purchasing an additional 596 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in 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 worth $284,000 after purchasing an additional 629 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of OUTFRONT Media by 2.8% in the fourth quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider's stock valued at $467,000 after purchasing an additional 706 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of OUTFRONT Media by 8.5% during the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock valued at $149,000 after buying an additional 722 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.

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