OUTFRONT Media (NYSE:OUT) Stock Rating Upgraded by Wall Street Zen

Key Points

• OUTFRONT Media has been upgraded by Wall Street Zen from a "sell" rating to a "hold" rating, indicating a shift in analyst sentiment.
• Multiple brokerages have issued various ratings for OUTFRONT Media, with a consensus price target of $19.00, reflecting a balance of cautious optimism among analysts.
• The company reported quarterly earnings with an EPS of $0.51, surpassing the consensus estimate and demonstrating a slight year-over-year decline in revenue.

Wall Street Zen upgraded shares of OUTFRONT Media (NYSE:OUT - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.

Several other analysts have also recently issued reports on OUT. Wells Fargo & Company reissued an "overweight" rating on shares of OUTFRONT Media in a research note on Sunday, July 20th. Citigroup restated a "buy" rating and issued a $19.00 target price (up previously from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Morgan Stanley boosted their price objective on shares of OUTFRONT Media from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Barrington Research reaffirmed an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. decreased their target price 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, OUTFRONT Media currently has a consensus rating of "Hold" and an average price target of $19.00.

OUTFRONT Media Price Performance

Shares of OUT stock traded up $1.02 during midday trading on Friday, reaching $18.42. 704,860 shares of the company traded hands, compared to its average volume of 1,584,437. The firm's 50 day simple moving average is $17.00 and its two-hundred day simple moving average is $16.70. OUTFRONT Media has a 1-year low of $12.95 and a 1-year high of $19.50. The company has a debt-to-equity ratio of 4.60, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $3.08 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.89.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $460.20 million during the quarter, compared to analysts' expectations of $463.16 million. OUTFRONT Media had a net margin of 5.99% and a return on equity of 18.07%. The company's revenue was down 3.6% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. On average, equities research analysts expect that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.5%. The ex-dividend date is Friday, September 5th. OUTFRONT Media's dividend payout ratio is currently 206.90%.

Insiders Place Their Bets

In other OUTFRONT Media news, EVP Richard H. Sauer sold 29,891 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $471,978.89. Following the transaction, the executive vice president owned 90,945 shares in the company, valued at approximately $1,436,021.55. This represents a 24.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OUT. SVB Wealth LLC acquired a new position in shares of OUTFRONT Media during the 1st quarter worth $28,000. Sterling Capital Management LLC grew its stake in 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 last quarter. Caitong International Asset Management Co. Ltd grew its stake in OUTFRONT Media by 158.2% in 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 buying an additional 2,041 shares during the last quarter. Rossby Financial LCC acquired a new position in OUTFRONT Media in the 1st quarter valued at $74,000. Finally, Lazard Asset Management LLC acquired a new position in OUTFRONT Media in the 4th quarter valued at $113,000.

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.