OUTFRONT Media (NYSE:OUT - Get Free Report)'s stock had its "outperform" rating reaffirmed by Barrington Research in a research report issued on Friday, Benzinga reports. They presently have a $17.00 target price on the financial services provider's stock. Barrington Research's price objective would suggest a potential upside of 12.66% from the stock's current price.
A number of other research analysts have also recently issued reports on the company. StockNews.com raised OUTFRONT Media from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. TheStreet raised OUTFRONT Media from a "d+" rating to a "c-" rating in a research note on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $14.75.
Read Our Latest Analysis on OUT
OUTFRONT Media Price Performance
NYSE:OUT traded down $0.95 during midday trading on Friday, hitting $15.09. The company had a trading volume of 3,480,692 shares, compared to its average volume of 1,999,250. OUTFRONT Media has a 52-week low of $8.18 and a 52-week high of $17.02. The stock's fifty day moving average price is $15.74 and its 200-day moving average price is $13.68. The company has a market capitalization of $2.50 billion, a PE ratio of -5.47, a P/E/G ratio of 1.06 and a beta of 1.87. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 4.39.
Institutional Trading of OUTFRONT Media
Several large investors have recently modified their holdings of the business. FMR LLC lifted its holdings in OUTFRONT Media by 50.8% in the third quarter. FMR LLC now owns 6,300,057 shares of the financial services provider's stock worth $63,631,000 after buying an additional 2,122,950 shares during the period. Invesco Ltd. lifted its holdings in OUTFRONT Media by 39.5% in the third quarter. Invesco Ltd. now owns 4,543,787 shares of the financial services provider's stock worth $45,892,000 after buying an additional 1,285,752 shares during the period. Lasalle Investment Management Securities LLC lifted its holdings in OUTFRONT Media by 80.9% in the third quarter. Lasalle Investment Management Securities LLC now owns 2,849,449 shares of the financial services provider's stock worth $28,779,000 after buying an additional 1,273,878 shares during the period. Rush Island Management LP purchased a new stake in OUTFRONT Media in the third quarter worth about $12,117,000. Finally, Norges Bank purchased a new stake in OUTFRONT Media in the fourth quarter worth about $13,779,000.
About OUTFRONT Media
(
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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.
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