Outfront Media Inc. leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, Outfront Media Inc. will fundamentally change the ways advertisers engage audiences on-the-go.
Analyst Upgrades and Downgrades
OUT has been the topic of several research reports. Morgan Stanley cut their target price on Outfront Media from $33.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, June 10th. Citigroup decreased their price target on shares of Outfront Media from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, July 7th.
Outfront Media Price Performance
Shares of OUT Stock traded up $0.07 during trading hours on Tuesday, reaching $18.88. 2,623,257 shares of the company were exchanged, compared to its average volume of 1,547,822. Outfront Media has a fifty-two week low of $16.07 and a fifty-two week high of $29.36. The stock's fifty day moving average is $17.76 and its two-hundred day moving average is $22.67. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 0.98 and a beta of 1.68. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.87 and a quick ratio of 0.87.
Outfront Media Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend is Thursday, September 1st. Outfront Media's payout ratio is presently 144.58%.