Brokerages Set OUTFRONT Media Inc. (NYSE:OUT) Price Target at $30.71

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $30.7143.

Several brokerages recently weighed in on OUT. Wall Street Zen raised OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday. Barrington Research set a $38.00 target price on OUTFRONT Media in a report on Tuesday, May 12th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research report on Friday, May 8th. Finally, TD Cowen reiterated a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th.

OUTFRONT Media Price Performance

Shares of OUT stock opened at $33.23 on Friday. The firm has a fifty day moving average of $32.23 and a two-hundred day moving average of $28.84. The firm has a market cap of $5.85 billion, a P/E ratio of 31.64, a P/E/G ratio of 1.57 and a beta of 1.48. OUTFRONT Media has a 1-year low of $16.64 and a 1-year high of $34.96. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The business had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. During the same quarter in the prior year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, research analysts anticipate that OUTFRONT Media will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, June 5th. This represents a $1.20 annualized dividend and a yield of 3.6%. OUTFRONT Media’s dividend payout ratio (DPR) is 114.29%.

Insiders Place Their Bets

In other OUTFRONT Media news, EVP James Michael Norton bought 4,130 shares of the stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the completion of the purchase, the executive vice president directly owned 4,130 shares in the company, valued at approximately $127,245.30. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard H. Sauer sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total transaction of $160,400.00. Following the sale, the executive vice president owned 56,947 shares of the company’s stock, valued at approximately $1,826,859.76. The trade was a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 20,000 shares of company stock valued at $629,600. 0.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OUTFRONT Media

A number of institutional investors have recently modified their holdings of OUT. Advisory Services Network LLC bought a new position in OUTFRONT Media in the third quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its stake in OUTFRONT Media by 74.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 686 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of OUTFRONT Media by 157.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,431 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of OUTFRONT Media during the fourth quarter valued at approximately $71,000. Finally, IFP Advisors Inc raised its position in shares of OUTFRONT Media by 16.5% during the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 582 shares during the period.

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.