OUTFRONT Media Inc. (NYSE:OUT) Receives Consensus Recommendation of "Hold" from Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) have received an average recommendation of "Hold" from the six ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.08.

A number of research analysts have commented on OUT shares. Barrington Research restated an "outperform" rating and set a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price target on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. cut their price objective on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday. Wall Street Zen cut shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company decreased their price objective 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.

Institutional Investors Weigh In On OUTFRONT Media

Institutional investors have recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in OUTFRONT Media in the 1st quarter valued at about $28,000. Loomis Sayles & Co. L P acquired a new stake in shares of OUTFRONT Media in the fourth quarter valued at approximately $47,000. Sterling Capital Management LLC boosted its stake in shares of OUTFRONT Media by 672.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after acquiring an additional 2,522 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of OUTFRONT Media by 158.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider's stock worth $54,000 after acquiring an additional 2,041 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in OUTFRONT Media by 155.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 2,555 shares during the period.

OUTFRONT Media Stock Down 0.8%

OUTFRONT Media stock traded down $0.13 during mid-day trading on Friday, hitting $15.60. 382,706 shares of the company's stock were exchanged, compared to its average volume of 1,671,356. OUTFRONT Media has a 1-year low of $12.95 and a 1-year high of $19.98. The stock has a 50 day moving average of $15.40 and a two-hundred day moving average of $17.45. 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 stock has a market cap of $2.61 billion, a P/E ratio of 11.09, 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 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $390.70 million during the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. As a group, analysts anticipate that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date is Friday, June 6th. OUTFRONT Media's dividend payout ratio is currently 78.95%.

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.