Wolfe Research began coverage on shares of Outfront Media (NYSE:OUT) in a report published on Friday morning, The Fly reports. The brokerage issued an outperform rating and a $25.00 target price on the financial services provider’s stock.

OUT has been the topic of a number of other reports. Zacks Investment Research lowered Outfront Media from a hold rating to a sell rating in a research note on Monday, September 10th. 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 target on the stock. ValuEngine raised Outfront Media from a strong sell rating to a sell rating in a research note on Tuesday, September 11th. TheStreet raised Outfront Media from a c+ rating to a b- rating in a research note on Monday, November 26th. Finally, Wells Fargo & Co reissued a market perform rating and set a $27.00 price target (up from $25.00) on shares of Outfront Media in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $23.83.

Shares of OUT stock traded down $0.22 during mid-day trading on Friday, reaching $20.76. 714,110 shares of the stock traded hands, compared to its average volume of 793,928. Outfront Media has a 1-year low of $17.27 and a 1-year high of $24.23. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.37 and a beta of 1.18. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.92.

Outfront Media (NYSE:OUT) last announced its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. Outfront Media had a return on equity of 7.42% and a net margin of 5.54%. The firm had revenue of $414.20 million for the quarter, compared to analyst estimates of $404.37 million. During the same period last year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts predict that Outfront Media will post 2.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 7th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.94%. Outfront Media’s dividend payout ratio (DPR) is 72.00%.

Institutional investors and hedge funds have recently modified their holdings of the company. Cove Street Capital LLC bought a new position in shares of Outfront Media during the second quarter worth about $134,000. Gabelli Funds LLC bought a new position in shares of Outfront Media during the third quarter worth about $200,000. Cubist Systematic Strategies LLC raised its position in shares of Outfront Media by 70.2% during the second quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 4,467 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Outfront Media during the second quarter worth about $279,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Outfront Media during the third quarter worth about $287,000. Institutional investors own 98.35% of the company’s stock.

Outfront Media Company Profile

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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