OUTFRONT Media (NYSE:OUT) Hits New 12-Month High – Still a Buy?

OUTFRONT Media Inc. (NYSE:OUT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.00 and last traded at $18.66, with a volume of 220 shares. The stock had previously closed at $18.48.

Analyst Upgrades and Downgrades

A number of analysts have commented on OUT shares. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. StockNews.com downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Barrington Research restated an “outperform” rating and set a $21.53 target price on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Finally, Morgan Stanley lifted their price objective on OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.48.

OUTFRONT Media Stock Up 2.1 %

The business has a 50-day moving average of $18.52 and a 200-day moving average of $18.18. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 1.09 and a beta of 1.97. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65.

Institutional Trading of OUTFRONT Media

A number of institutional investors and hedge funds have recently bought and sold shares of OUT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of OUTFRONT Media by 1.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 558 shares in the last quarter. GAMMA Investing LLC boosted its position in OUTFRONT Media by 19.3% in the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock valued at $67,000 after buying an additional 613 shares during the period. Moody National Bank Trust Division grew its stake in shares of OUTFRONT Media by 4.0% in the fourth quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 698 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of OUTFRONT Media by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 706 shares during the period. Finally, Journey Strategic Wealth LLC raised its stake in shares of OUTFRONT Media by 10.6% in the fourth quarter. Journey Strategic Wealth LLC now owns 11,394 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 1,090 shares in the last quarter.

OUTFRONT Media Company Profile

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.