OUTFRONT Media Inc. (NYSE:OUT) Receives $17.97 Average Price Target from Analysts

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $17.97.

Several brokerages have issued reports on OUT. Barrington Research reaffirmed an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. StockNews.com cut shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Finally, Morgan Stanley lowered their target price 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.

OUTFRONT Media Price Performance

OUT traded up $0.01 on Friday, hitting $16.36. 1,122,530 shares of the company's stock were exchanged, compared to its average volume of 1,677,541. OUTFRONT Media has a fifty-two week low of $12.95 and a fifty-two week high of $19.98. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The firm has a 50-day moving average price of $15.43 and a 200-day moving average price of $17.48. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results 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 40.33% and a net margin of 13.30%. The business had revenue of $390.70 million for the quarter, compared to analyst estimates of $396.17 million. As a group, equities analysts anticipate that OUTFRONT Media will post 1.59 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, June 6th. This represents a $1.20 annualized dividend and a dividend yield of 7.33%. OUTFRONT Media's dividend payout ratio is presently 78.95%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OUT. FMR LLC raised its holdings in shares of 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 period. Cohen & Steers Inc. raised its holdings in OUTFRONT Media by 87.8% in 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 buying an additional 2,450,632 shares during the period. Benchstone Capital Management LP purchased a new stake in OUTFRONT Media in the 4th quarter valued at about $29,038,000. LSV Asset Management raised its holdings in OUTFRONT Media by 6,623.5% in the 4th quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider's stock valued at $28,302,000 after buying an additional 1,571,634 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in OUTFRONT Media by 79.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,001,402 shares of the financial services provider's stock valued at $35,505,000 after buying an additional 886,605 shares during the period.

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.