OUTFRONT Media Inc. (NYSE:OUT) Given Consensus Recommendation of "Hold" by Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $18.23.

Several equities analysts recently issued reports on OUT shares. Morgan Stanley cut their price target on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on shares of 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 lowered their price objective on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Citigroup restated a "buy" rating and issued a $19.00 price objective (up previously from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Finally, Barrington Research restated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, April 23rd.

OUTFRONT Media Price Performance

OUT stock traded down $0.51 during trading on Thursday, hitting $15.61. 1,200,106 shares of the stock traded hands, compared to its average volume of 1,649,260. OUTFRONT Media has a one year low of $12.95 and a one year high of $19.98. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 1.06 and a beta of 1.89. The company has a 50 day simple moving average of $15.57 and a 200 day simple moving average of $17.12. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly 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 net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. Equities analysts expect 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 was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.69%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's dividend payout ratio is 78.95%.

Institutional Investors Weigh In On OUTFRONT Media

Several institutional investors have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of OUTFRONT Media by 1.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider's stock worth $532,000 after buying an additional 558 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of OUTFRONT Media by 5.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock valued at $199,000 after buying an additional 596 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of OUTFRONT Media by 4.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock valued at $284,000 after buying an additional 629 shares during the period. Victory Capital Management Inc. lifted its position in shares of OUTFRONT Media by 2.8% in the fourth quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider's stock worth $467,000 after purchasing an additional 706 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of OUTFRONT Media by 8.5% in the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock worth $149,000 after purchasing an additional 722 shares in the last quarter.

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.