OUTFRONT Media (NYSE:OUT) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Morgan Stanley has raised its price target for OUTFRONT Media (NYSE: OUT) from $17.00 to $19.00, suggesting a potential upside of 6.89% from the current price, while maintaining an "equal weight" rating.
• OUTFRONT Media's stock experienced a 3.2% increase in trading, reaching $17.78, with a market capitalization of $2.97 billion and a P/E ratio of 11.70.
• Various analysts have mixed ratings on OUTFRONT Media, with one rating it as a "sell," three as "hold," and three as "buy," reflecting a consensus price target of $19.00.

OUTFRONT Media (NYSE:OUT - Get Free Report) had its price target increased by stock analysts at Morgan Stanley from $17.00 to $19.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's price objective indicates a potential upside of 7.76% from the stock's current price.

A number of other analysts have also commented on OUT. Wall Street Zen lowered shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. reduced their price target 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. Barrington Research reiterated an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Wells Fargo & Company restated an "overweight" rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. Finally, Citigroup restated a "buy" rating and set a $19.00 target price (up from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $19.00.

OUTFRONT Media Stock Down 3.6%

OUTFRONT Media stock traded down $0.66 during trading hours on Monday, hitting $17.63. The stock had a trading volume of 558,933 shares, compared to its average volume of 1,572,871. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.37. The stock has a market capitalization of $2.95 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 1.09 and a beta of 1.89. OUTFRONT Media has a 12-month low of $12.95 and a 12-month high of $19.50. The stock's 50-day moving average price is $16.93 and its 200-day moving average price is $16.75.

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

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 29,891 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 90,945 shares in the company, valued at $1,436,021.55. This represents a 24.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OUTFRONT Media

Hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new position in shares of OUTFRONT Media in the fourth quarter worth $192,000. Landscape Capital Management L.L.C. purchased a new position in shares of OUTFRONT Media in the fourth quarter worth $495,000. Resona Asset Management Co. Ltd. purchased a new position in shares of OUTFRONT Media in the fourth quarter worth $972,000. Wells Fargo & Company MN lifted its holdings in shares of OUTFRONT Media by 40.1% in the fourth quarter. Wells Fargo & Company MN now owns 94,898 shares of the financial services provider's stock worth $1,684,000 after buying an additional 27,166 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of OUTFRONT Media in the fourth quarter worth $282,000.

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.