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

Shares of OUTFRONT Media Inc. (NYSE:OUT) have earned an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $18.23.

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective 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. Barrington Research restated an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Morgan Stanley dropped their target price on OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Wall Street Zen lowered OUTFRONT Media from a “hold” rating to a “sell” rating in a research report on Monday, May 12th. Finally, Citigroup reiterated a “buy” rating and set a $19.00 target price (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th.

OUTFRONT Media Trading Down 3.1%

NYSE:OUT opened at $15.61 on Thursday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 1.06 and a beta of 1.89. The business has a fifty day moving average of $15.57 and a 200-day moving average of $17.14. OUTFRONT Media has a 1 year low of $12.95 and a 1 year high of $19.98.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $396.17 million. Equities analysts predict that OUTFRONT Media will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 annualized dividend and a dividend yield of 7.69%. OUTFRONT Media’s dividend payout ratio is currently 78.95%.

Hedge Funds Weigh In On OUTFRONT Media

Institutional investors and hedge funds have recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in OUTFRONT Media during the first quarter worth approximately $28,000. Loomis Sayles & Co. L P purchased a new position in shares of OUTFRONT Media during the 4th quarter valued at $47,000. Sterling Capital Management LLC lifted its position in shares of OUTFRONT Media by 672.5% during 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 lifted 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in OUTFRONT Media by 155.5% during the 4th 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 in the last quarter.

About OUTFRONT Media

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.