OUTFRONT Media’s (OUT) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of OUTFRONT Media (NYSE:OUT) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $38.00 price objective on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on OUT. Morgan Stanley set a $37.00 target price on shares of OUTFRONT Media in a research note on Friday, May 8th. TD Cowen restated a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Wall Street Zen raised OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Finally, Barrington Research set a $38.00 price objective on OUTFRONT Media in a research report on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.57.

OUTFRONT Media Price Performance

NYSE:OUT opened at $31.88 on Wednesday. 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 has a one year low of $16.64 and a one year high of $34.96. The company has a fifty day moving average price of $32.24 and a 200 day moving average price of $29.01. The stock has a market cap of $5.61 billion, a P/E ratio of 30.36, a PEG ratio of 1.51 and a beta of 1.48.

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

OUTFRONT Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a $0.30 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. OUTFRONT Media’s dividend payout ratio is currently 114.29%.

Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, EVP James Michael Norton bought 4,130 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $30.81 per share, with a total value of $127,245.30. Following the completion of the purchase, the executive vice president directly owned 4,130 shares in the company, valued at $127,245.30. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Richard H. Sauer sold 5,000 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total transaction of $160,400.00. Following the completion of the transaction, the executive vice president directly owned 56,947 shares of the company’s stock, valued at $1,826,859.76. This trade represents a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,000 shares of company stock valued at $629,600 over the last ninety days. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On OUTFRONT Media

Institutional investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. grew its stake in shares of OUTFRONT Media by 94.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 30,793 shares of the financial services provider’s stock valued at $1,009,000 after purchasing an additional 14,993 shares during the period. GAMMA Investing LLC raised its holdings in shares of OUTFRONT Media by 4.6% in the 2nd quarter. GAMMA Investing LLC now owns 10,048 shares of the financial services provider’s stock worth $329,000 after buying an additional 440 shares in the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in shares of OUTFRONT Media during the 1st quarter worth approximately $244,000. NewEdge Advisors LLC lifted its position in shares of OUTFRONT Media by 23.7% during the 1st quarter. NewEdge Advisors LLC now owns 19,766 shares of the financial services provider’s stock worth $524,000 after buying an additional 3,789 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new stake in OUTFRONT Media in the 1st quarter valued at $401,000.

About OUTFRONT Media

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.