OUTFRONT Media (NYSE:OUT) Price Target Raised to $38.00

OUTFRONT Media (NYSE:OUT) had its price target hoisted by Wells Fargo & Company from $35.00 to $38.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

OUT has been the subject of several other research reports. Barrington Research set a $38.00 target price on OUTFRONT Media in a research note on Tuesday, May 12th. TD Cowen reaffirmed a “buy” rating and issued a $40.00 price target (up from $38.00) on shares of OUTFRONT Media in a research note on Thursday. Morgan Stanley set a $37.00 price target on OUTFRONT Media in a research note on Friday, May 8th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $38.00 price target on shares of OUTFRONT Media in a report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.00.

OUTFRONT Media Stock Performance

OUTFRONT Media stock opened at $31.14 on Thursday. The firm has a 50 day simple moving average of $32.05 and a 200-day simple moving average of $29.61. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.67 and a quick ratio of 0.82. OUTFRONT Media has a 1-year low of $16.64 and a 1-year high of $34.96.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a net margin of 12.66% and a return on equity of 37.44%. The firm had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. During the same quarter in the previous year, the company earned $0.14 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts expect that OUTFRONT Media will post 2.11 EPS for the current year.

OUTFRONT Media Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. This is an increase from OUTFRONT Media’s previous quarterly dividend of $0.30. OUTFRONT Media’s dividend payout ratio is 86.33%.

Insider Activity at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president owned 56,947 shares of the company’s stock, valued at $1,826,859.76. The trade was a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James Michael Norton purchased 4,130 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the completion of the purchase, the executive vice president directly owned 4,130 shares of the company’s stock, valued at $127,245.30. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 20,000 shares of company stock valued at $629,600 in the last quarter. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On OUTFRONT Media

Several institutional investors and hedge funds have recently modified their holdings of OUT. Advisory Services Network LLC purchased a new position in OUTFRONT Media during the 3rd quarter valued at about $29,000. Trust Co. of Vermont acquired a new position in OUTFRONT Media in the 2nd quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its position in OUTFRONT Media by 74.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 686 shares in the last quarter. Farther Finance Advisors LLC increased its stake in OUTFRONT Media by 157.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,431 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in OUTFRONT Media during the fourth quarter worth about $71,000.

More OUTFRONT Media News

Here are the key news stories impacting OUTFRONT Media this week:

• Positive Sentiment: OUTFRONT reported second-quarter funds from operations (FFO) of $0.68 per share, above the $0.59 consensus estimate and up from $0.51 a year earlier. Revenue rose 13.5% to $522.5 million, exceeding estimates of $509.6 million. OUTFRONT Media Tops Q2 FFO and Revenue Estimates
• Positive Sentiment: Results benefited from growth in transit and billboard advertising, digital gains and revenue connected to the FIFA World Cup. The combination of stronger operating trends and an FFO beat could improve expectations for the company’s advertising business. OUT Q2 FFO Beat Estimates on Transit and Billboard Growth
• Positive Sentiment: Wells Fargo raised its price target for OUT from $35 to $38 and maintained an Overweight rating, implying approximately 22% upside from the reference price. Wells Fargo Raises OUTFRONT Media Price Target
• Positive Sentiment: The company increased its quarterly dividend by 10% to $0.33 per share, or approximately $1.32 annualized. The higher payout, with a reported yield of about 4.2%, strengthens OUTFRONT’s income appeal. Outfront Media Boosts Quarterly Dividend 10%
• Positive Sentiment: OUTFRONT signed a multiyear exclusive agreement with the New York Jets, adding a prominent sports property to its out-of-home advertising portfolio and potentially supporting future media and sponsorship revenue. Outfront Media Signs Agreement With New York Jets
• Neutral Sentiment: The earnings presentation and conference-call materials provide additional details on second-quarter performance and management’s outlook, but no separate material negative catalyst was identified in the supplied reports. OUTFRONT Media 2026 Q2 Results Presentation

OUTFRONT Media Company Profile

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.