Brokerages Set OUTFRONT Media Inc. (NYSE:OUT) PT at $18.60

Key Points

• OUTFRONT Media Inc. has received an average rating of "Moderate Buy" from six brokerages, with three holding and three buying the stock; the average 12-month target price is $18.60.
• The company reported quarterly earnings of $0.14 per share, missing analysts' estimates, and announced a quarterly dividend of $0.30 per share, representing a yield of 6.8%.
• Recent insider activity includes EVP Richard H. Sauer selling nearly 30,000 shares at an average price of $15.79, decreasing his position by approximately 24.74%.

Shares of OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.00.

A number of analysts have recently issued reports on OUT shares. 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 OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Wells Fargo & Company reaffirmed an "overweight" rating on shares of OUTFRONT Media in a report on Sunday, July 20th. Citigroup restated a "buy" rating and issued a $19.00 price target (up previously from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Finally, Morgan Stanley boosted their price target on shares of OUTFRONT Media from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday.

OUTFRONT Media Price Performance

NYSE:OUT traded up $0.71 during trading hours on Friday, hitting $17.93. 995,294 shares of the stock were exchanged, compared to its average volume of 1,573,983. The firm's fifty day moving average price is $16.85 and its 200 day moving average price is $16.75. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.37. The company has a market cap of $3.00 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.04 and a beta of 1.89. OUTFRONT Media has a 52-week low of $12.95 and a 52-week high of $19.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. The business had revenue of $390.70 million for the quarter, compared to analysts' expectations of $396.17 million. As a group, equities research analysts anticipate that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's dividend payout ratio is presently 78.95%.

Insider Activity at OUTFRONT Media

In other news, EVP Richard H. Sauer sold 29,891 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was 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 owned 90,945 shares in the company, valued at $1,436,021.55. This trade represents a 24.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% of the company's stock.

Institutional Trading of OUTFRONT Media

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in OUTFRONT Media by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 687,300 shares of the financial services provider's stock valued at $11,093,000 after purchasing an additional 16,470 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of OUTFRONT Media by 1,484.2% during the 1st quarter. GAMMA Investing LLC now owns 60,138 shares of the financial services provider's stock valued at $971,000 after buying an additional 56,342 shares in the last quarter. SG Americas Securities LLC grew its position in shares of OUTFRONT Media by 429.8% in the first quarter. SG Americas Securities LLC now owns 32,760 shares of the financial services provider's stock valued at $529,000 after purchasing an additional 26,577 shares during the period. Pacific Heights Asset Management LLC increased its stake in OUTFRONT Media by 122.2% during the 1st quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the financial services provider's stock worth $8,070,000 after buying an additional 275,000 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in OUTFRONT Media in the 1st quarter valued at $929,000.

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.