Analysts Set OUTFRONT Media Inc. (NYSE:OUT) Price Target at $24.57

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received an average recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $24.5714.

OUT has been the subject of a number of recent research reports. Citigroup reiterated a “buy” rating and issued a $23.00 price target (up previously from $20.00) on shares of OUTFRONT Media in a research note on Wednesday, November 12th. New Street Research set a $24.00 price objective on shares of OUTFRONT Media in a report on Tuesday, November 11th. JPMorgan Chase & Co. raised shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $25.00 in a research report on Wednesday, November 12th. Wells Fargo & Company reissued an “overweight” rating and issued a $27.00 target price (up previously from $23.00) on shares of OUTFRONT Media in a report on Thursday, December 18th. Finally, Wall Street Zen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th.

Insider Buying and Selling at OUTFRONT Media

In related news, Director Manuel A. Diaz sold 11,271 shares of the company’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 completion of the transaction, the director directly owned 47,515 shares of the company’s stock, valued at $1,163,642.35. This represents a 19.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in shares of OUTFRONT Media in the 3rd quarter valued at $29,000. Private Trust Co. NA purchased a new position in OUTFRONT Media during the 3rd quarter worth $33,000. Farther Finance Advisors LLC increased its stake in OUTFRONT Media by 157.6% in 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 period. Kestra Advisory Services LLC purchased a new stake in shares of OUTFRONT Media in the fourth quarter valued at about $71,000. Finally, IFP Advisors Inc boosted its stake in shares of OUTFRONT Media by 16.5% during the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after buying an additional 582 shares during the period.

OUTFRONT Media Price Performance

Shares of OUT opened at $25.26 on Tuesday. The company has a market cap of $4.22 billion, a P/E ratio of 37.15, a PEG ratio of 1.26 and a beta of 1.56. OUTFRONT Media has a fifty-two week low of $12.95 and a fifty-two week high of $27.04. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 4.75. The firm’s 50 day moving average price is $24.69 and its 200 day moving average price is $21.21.

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.