Analysts Set OUTFRONT Media Inc. (NYSE:OUT) Target Price at $27.86

OUTFRONT Media Inc. (NYSE:OUT) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.8571.

A number of equities analysts have issued reports on OUT shares. Morgan Stanley upgraded OUTFRONT Media from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $28.00 in a report on Tuesday, December 16th. Barrington Research upped their target price on shares of OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. TD Cowen increased their price target on shares of OUTFRONT Media from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th.

Insider Activity at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total value of $276,026.79. Following the sale, the director directly owned 47,515 shares of the company’s stock, valued at $1,163,642.35. The trade was a 19.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in OUTFRONT Media by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock worth $545,983,000 after acquiring an additional 1,131,954 shares in the last quarter. Cohen & Steers Inc. increased its holdings in shares of OUTFRONT Media by 2.2% during the fourth quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock valued at $537,779,000 after acquiring an additional 486,192 shares in the last quarter. State Street Corp increased its holdings in shares of OUTFRONT Media by 2.1% during the fourth quarter. State Street Corp now owns 5,483,013 shares of the financial services provider’s stock valued at $132,141,000 after acquiring an additional 111,084 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of OUTFRONT Media by 9.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after purchasing an additional 448,993 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of OUTFRONT Media by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 4,309,133 shares of the financial services provider’s stock worth $103,850,000 after purchasing an additional 335,265 shares during the last quarter.

OUTFRONT Media Stock Performance

OUTFRONT Media stock opened at $27.19 on Friday. OUTFRONT Media has a fifty-two week low of $12.95 and a fifty-two week high of $29.27. The stock’s 50 day simple moving average is $25.96 and its two-hundred day simple moving average is $22.37. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 1.32 and a beta of 1.51.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.16). OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%.The firm had revenue of $513.30 million during the quarter, compared to the consensus estimate of $511.61 million. As a group, analysts expect that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, March 6th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 150.00%.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.