Analysts Set Outfront Media Inc (OUT) PT at $23.25

Outfront Media Inc (NYSE:OUT) has received an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $23.25.

A number of research analysts have recently issued reports on OUT shares. Zacks Investment Research cut Outfront Media from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Imperial Capital started coverage on Outfront Media in a research note on Thursday, September 13th. They set an “inline” rating and a $22.00 price objective on the stock. ValuEngine cut Outfront Media from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. Wells Fargo & Co reaffirmed a “market perform” rating and set a $27.00 price objective (up from $25.00) on shares of Outfront Media in a research note on Thursday, August 9th. Finally, Citigroup cut their target price on Outfront Media from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 17th.

Several hedge funds and other institutional investors have recently bought and sold shares of OUT. Dimensional Fund Advisors LP grew its stake in shares of Outfront Media by 35.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,428,277 shares of the financial services provider’s stock worth $26,766,000 after purchasing an additional 375,800 shares during the last quarter. UBS Group AG grew its stake in shares of Outfront Media by 16.5% in the first quarter. UBS Group AG now owns 189,663 shares of the financial services provider’s stock worth $3,555,000 after purchasing an additional 26,808 shares during the last quarter. Royal Bank of Canada lifted its holdings in Outfront Media by 13.2% in the first quarter. Royal Bank of Canada now owns 48,700 shares of the financial services provider’s stock worth $913,000 after buying an additional 5,682 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in Outfront Media by 31.4% in the first quarter. Xact Kapitalforvaltning AB now owns 17,983 shares of the financial services provider’s stock worth $337,000 after buying an additional 4,300 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its holdings in Outfront Media by 1.8% in the second quarter. ZWJ Investment Counsel Inc. now owns 1,402,157 shares of the financial services provider’s stock worth $27,272,000 after buying an additional 24,395 shares during the period. 97.99% of the stock is currently owned by institutional investors.

Shares of NYSE:OUT traded down $1.00 on Monday, reaching $20.45. 547,687 shares of the company traded hands, compared to its average volume of 1,107,913. Outfront Media has a 52 week low of $17.27 and a 52 week high of $24.84. The stock has a market capitalization of $2.80 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.98.

Outfront Media (NYSE:OUT) last announced its quarterly earnings data on Monday, November 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. Outfront Media had a return on equity of 7.34% and a net margin of 5.54%. The firm had revenue of $414.20 million for the quarter, compared to analysts’ expectations of $404.37 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts predict that Outfront Media will post 2.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 7th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 7.04%. Outfront Media’s payout ratio is presently 72.00%.

About Outfront Media

OUTFRONT Media connects 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 ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.

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