Analysts Set OUTFRONT Media Inc. (NYSE:OUT) Price Target at $18.23

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has been assigned an average recommendation of "Hold" from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.23.

A number of brokerages have recently weighed in on OUT. Citigroup reaffirmed a "buy" rating and issued a $19.00 price objective (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Wall Street Zen cut OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Morgan Stanley lowered their target price on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. lowered their target price on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company lowered their target price on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 9th.

OUTFRONT Media Price Performance

Shares of NYSE:OUT traded down $0.27 during midday trading on Thursday, hitting $16.10. The company had a trading volume of 732,736 shares, compared to its average volume of 1,647,336. OUTFRONT Media has a twelve month low of $12.95 and a twelve month high of $19.98. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89. The business's 50-day simple moving average is $15.52 and its 200-day simple moving average is $17.18.

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 for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $390.70 million during the quarter, compared to analyst estimates of $396.17 million. On average, research analysts predict that OUTFRONT Media will post 1.59 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, June 6th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is 78.95%.

Institutional Trading of OUTFRONT Media

Institutional investors and hedge funds have recently made changes to their positions in the company. SVB Wealth LLC purchased a new stake in shares of OUTFRONT Media in the 1st quarter valued at about $28,000. Loomis Sayles & Co. L P purchased a new stake in OUTFRONT Media during the 4th quarter valued at approximately $47,000. Sterling Capital Management LLC raised its stake in 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 valued at $51,000 after acquiring an additional 2,522 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in 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 valued at $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% during 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 last quarter.

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.