OUTFRONT Media Inc. (NYSE:OUT) Receives Average Recommendation of “Hold” from Analysts

OUTFRONT Media Inc. (NYSE:OUT) has been given an average recommendation of “Hold” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.25.

A number of analysts recently issued reports on OUT shares. Barrington Research restated an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company started coverage on OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price objective for the company. Finally, Wolfe Research downgraded OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th.

OUTFRONT Media Price Performance

OUTFRONT Media stock opened at $19.20 on Friday. OUTFRONT Media has a 52 week low of $11.98 and a 52 week high of $19.50. The company’s 50 day moving average price is $18.43 and its two-hundred day moving average price is $16.34. The stock has a market cap of $3.19 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.24 and a beta of 1.94. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.20). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $456.38 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts predict that OUTFRONT Media will post 1.56 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be paid a $0.75 dividend. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio is 87.59%.

Hedge Funds Weigh In On OUTFRONT Media

A number of large investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in OUTFRONT Media by 653.3% during the 3rd quarter. Franklin Resources Inc. now owns 229,872 shares of the financial services provider’s stock worth $4,260,000 after purchasing an additional 199,356 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of OUTFRONT Media in the third quarter valued at approximately $318,000. Vestcor Inc grew its stake in OUTFRONT Media by 846.4% during the third quarter. Vestcor Inc now owns 113,572 shares of the financial services provider’s stock valued at $2,087,000 after acquiring an additional 101,572 shares in the last quarter. M&T Bank Corp bought a new stake in OUTFRONT Media during the 3rd quarter worth approximately $204,000. Finally, Barclays PLC boosted its holdings in OUTFRONT Media by 43.0% in the 3rd quarter. Barclays PLC now owns 501,439 shares of the financial services provider’s stock valued at $9,218,000 after purchasing an additional 150,669 shares during the period.

About OUTFRONT Media

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.