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

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has earned a consensus recommendation of "Hold" from the seven research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.23.

OUT has been the topic of several recent analyst reports. Barrington Research reissued an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Morgan Stanley lowered their target price on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Citigroup reissued a "buy" rating and issued a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Wall Street Zen cut shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company cut their target price on shares of 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 Stock Performance

NYSE OUT traded up $0.45 during trading hours on Monday, reaching $17.56. The company's stock had a trading volume of 962,887 shares, compared to its average volume of 1,659,911. The stock has a market cap of $2.93 billion, a PE ratio of 11.56, a PEG ratio of 1.03 and a beta of 1.87. The business has a 50-day simple moving average of $16.20 and a 200 day simple moving average of $16.80. OUTFRONT Media has a 52 week low of $12.95 and a 52 week high of $19.98. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.37.

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

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.83%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's payout ratio is 78.95%.

Insider Activity

In other OUTFRONT Media news, EVP Richard H. Sauer sold 20,109 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $15.88, for a total value of $319,330.92. Following the transaction, the executive vice president directly owned 70,836 shares of the company's stock, valued at $1,124,875.68. This represents a 22.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OUT. SVB Wealth LLC acquired a new position in OUTFRONT Media in the 1st quarter valued at approximately $28,000. Loomis Sayles & Co. L P acquired a new stake in OUTFRONT Media in the 4th quarter valued at about $47,000. Sterling Capital Management LLC increased its stake in shares of OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after buying an additional 2,522 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings 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 worth $54,000 after purchasing an additional 2,041 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in OUTFRONT Media by 155.5% in the fourth 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.

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.