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

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been assigned an average rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $24.5714.

A number of research analysts recently commented on the company. TD Cowen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. New Street Research set a $24.00 target price on shares of OUTFRONT Media in a report on Tuesday, November 11th. Citigroup reaffirmed a “buy” rating and set a $23.00 price target (up previously from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. Wells Fargo & Company reissued an “overweight” rating and issued a $27.00 price objective (up from $23.00) on shares of OUTFRONT Media in a research note on Thursday, December 18th. Finally, Barrington Research restated an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Friday, November 7th.

Insider Buying and Selling at OUTFRONT Media

In related news, Director Manuel A. Diaz sold 11,271 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total value of $276,026.79. Following the sale, the director directly owned 47,515 shares of the company’s stock, valued at $1,163,642.35. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB acquired a new stake in shares of OUTFRONT Media in the second quarter valued at about $5,414,000. Pacific Heights Asset Management LLC increased its position in OUTFRONT Media by 40.0% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 700,000 shares of the financial services provider’s stock valued at $12,824,000 after purchasing an additional 200,000 shares during the period. Versor Investments LP bought a new position in OUTFRONT Media during the 3rd quarter worth approximately $1,259,000. Russell Investments Group Ltd. lifted its position in shares of OUTFRONT Media by 26.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 585,338 shares of the financial services provider’s stock worth $9,553,000 after purchasing an additional 121,987 shares during the period. Finally, Advisors Capital Management LLC boosted its stake in shares of OUTFRONT Media by 36.0% in the 2nd quarter. Advisors Capital Management LLC now owns 1,881,277 shares of the financial services provider’s stock valued at $30,702,000 after purchasing an additional 497,781 shares during the last quarter.

OUTFRONT Media Trading Down 0.7%

Shares of NYSE:OUT opened at $25.97 on Tuesday. The business’s 50 day simple moving average is $24.80 and its 200 day simple moving average is $21.37. OUTFRONT Media has a 1 year low of $12.95 and a 1 year high of $27.04. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $4.34 billion, a P/E ratio of 38.19, a P/E/G ratio of 1.30 and a beta of 1.56.

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.