OUTFRONT Media Inc. (NYSE:OUT) Receives Consensus Rating of "Hold" from Brokerages

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has received a consensus rating of "Hold" from the seven research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.23.

A number of analysts have recently issued reports on OUT shares. Barrington Research reiterated an "outperform" rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating and set a $19.00 price target (up previously from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Wall Street Zen downgraded OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Wells Fargo & Company dropped their price target on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. dropped their price target on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st.

OUTFRONT Media Price Performance

OUT stock traded down $0.39 during mid-day trading on Monday, reaching $16.76. 1,558,414 shares of the company traded hands, compared to its average volume of 1,665,583. The company has a debt-to-equity ratio of 4.37, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $2.80 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.04 and a beta of 1.87. OUTFRONT Media has a 52-week low of $12.95 and a 52-week high of $19.98. The company has a fifty day moving average price of $16.10 and a 200-day moving average price of $16.81.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its earnings results 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). The company had revenue of $390.70 million for the quarter, compared to analysts' expectations of $396.17 million. OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. As a group, analysts anticipate that OUTFRONT Media will post 1.59 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were given a $0.30 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 7.16%. OUTFRONT Media's payout ratio is 78.95%.

Insiders Place Their Bets

In other OUTFRONT Media news, EVP Richard H. Sauer sold 20,109 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $15.88, for a total value of $319,330.92. Following the completion of the sale, the executive vice president owned 70,836 shares in the company, valued at approximately $1,124,875.68. The trade was a 22.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by insiders.

Institutional Trading of OUTFRONT Media

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SVB Wealth LLC bought a new position in shares of OUTFRONT Media during the first quarter valued at approximately $28,000. Loomis Sayles & Co. L P purchased a new stake in OUTFRONT Media in the fourth quarter worth $47,000. Sterling Capital Management LLC grew its stake in OUTFRONT Media by 672.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,522 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in OUTFRONT Media by 158.2% in the first 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 period. Finally, Smartleaf Asset Management LLC grew 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 worth $73,000 after purchasing an additional 2,555 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.