OUTFRONT Media Inc. (NYSE:OUT) Receives $17.97 Consensus PT from Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.97.

Several analysts recently commented on OUT shares. Wells Fargo & Company dropped 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 note on Friday, May 9th. Barrington Research reiterated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Morgan Stanley dropped their price objective on shares of OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Finally, StockNews.com lowered OUTFRONT Media from a “hold” rating to a “sell” rating in a report on Monday, May 12th.

OUTFRONT Media Stock Up 0.1%

OUTFRONT Media stock opened at $16.36 on Friday. The company has a market cap of $2.73 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 1.06 and a beta of 1.84. OUTFRONT Media has a 1-year low of $12.95 and a 1-year high of $19.98. The company has a fifty day simple moving average of $15.43 and a 200 day simple moving average of $17.48. 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) last announced 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). 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 during the quarter, compared to the consensus estimate of $396.17 million. Research analysts anticipate that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Friday, June 6th. OUTFRONT Media’s dividend payout ratio is currently 78.95%.

Institutional Investors Weigh In On OUTFRONT Media

Several large investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in OUTFRONT Media by 132.5% in the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider’s stock worth $276,819,000 after purchasing an additional 8,892,411 shares during the period. Cohen & Steers Inc. grew its holdings in OUTFRONT Media by 87.8% in the fourth quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider’s stock worth $93,015,000 after purchasing an additional 2,450,632 shares during the period. Benchstone Capital Management LP acquired a new stake in OUTFRONT Media in the fourth quarter worth $29,038,000. LSV Asset Management grew its holdings in OUTFRONT Media by 6,623.5% in the fourth quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider’s stock worth $28,302,000 after purchasing an additional 1,571,634 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in OUTFRONT Media by 79.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,001,402 shares of the financial services provider’s stock worth $35,505,000 after purchasing an additional 886,605 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.