OUTFRONT Media Inc. (OUT) Receives $30.17 Consensus Target Price from Analysts
OUTFRONT Media Inc. (NYSE:OUT) has received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $30.17.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $30.00 price objective on shares of OUTFRONT Media in a research report on Tuesday, October 3rd. ValuEngine raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Loop Capital reaffirmed a “buy” rating and set a $28.00 price objective (up previously from $27.00) on shares of OUTFRONT Media in a research report on Thursday, September 28th. Finally, BidaskClub cut shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd.
A number of hedge funds have recently modified their holdings of OUT. Janus Henderson Group PLC purchased a new position in OUTFRONT Media in the 2nd quarter valued at approximately $100,424,000. Daiwa Securities Group Inc. boosted its position in OUTFRONT Media by 69.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,864,333 shares of the financial services provider’s stock valued at $89,343,000 after buying an additional 1,589,096 shares during the period. JPMorgan Chase & Co. boosted its position in OUTFRONT Media by 10.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,690,108 shares of the financial services provider’s stock valued at $385,664,000 after buying an additional 1,460,082 shares during the period. Neuberger Berman Group LLC boosted its position in OUTFRONT Media by 97.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,545,404 shares of the financial services provider’s stock valued at $64,093,000 after buying an additional 1,254,605 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its position in OUTFRONT Media by 53.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,980,580 shares of the financial services provider’s stock valued at $68,911,000 after buying an additional 1,040,813 shares during the period. 99.38% of the stock is owned by institutional investors.
OUTFRONT Media (OUT) traded up $0.03 during trading hours on Monday, hitting $24.17. 163,534 shares of the company were exchanged, compared to its average volume of 853,347. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $3,346.68, a PE ratio of 12.32, a P/E/G ratio of 1.90 and a beta of 1.15. OUTFRONT Media has a 1 year low of $20.82 and a 1 year high of $27.89.
OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.20). The company had revenue of $392.40 million for the quarter, compared to analysts’ expectations of $391.18 million. OUTFRONT Media had a return on equity of 9.57% and a net margin of 7.71%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. equities analysts predict that OUTFRONT Media will post 1.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.44 annualized dividend and a yield of 5.96%. OUTFRONT Media’s dividend payout ratio is presently 171.43%.
OUTFRONT Media Company Profile
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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