Outfront Media (NYSE:OUT) had its price target increased by stock analysts at Morgan Stanley from $22.00 to $24.00 in a research report issued to clients and investors on Friday. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 14.39% from the stock’s current price.

Several other research firms have also issued reports on OUT. Imperial Capital started coverage on Outfront Media in a report on Thursday, September 13th. They set an “inline” rating and a $22.00 target price on the stock. TheStreet upgraded Outfront Media from a “c+” rating to a “b-” rating in a report on Monday, November 26th. Wells Fargo & Co reiterated a “market perform” rating and set a $27.00 target price (up previously from $25.00) on shares of Outfront Media in a report on Thursday, August 9th. Zacks Investment Research upgraded Outfront Media from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, November 14th. Finally, ValuEngine upgraded Outfront Media from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Outfront Media currently has a consensus rating of “Hold” and an average price target of $23.60.

OUT opened at $20.98 on Friday. Outfront Media has a 52-week low of $17.27 and a 52-week high of $24.23. The stock has a market cap of $2.86 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.34 and a beta of 1.18. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.08 and a current ratio of 1.08.

Outfront Media (NYSE:OUT) last released its earnings results on Monday, November 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $414.20 million for the quarter, compared to analyst estimates of $404.37 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. Outfront Media’s revenue was up 5.6% on a year-over-year basis. Equities research analysts predict that Outfront Media will post 2.09 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. acquired a new stake in Outfront Media during the third quarter worth approximately $130,519,000. FMR LLC grew its position in Outfront Media by 53.0% during the third quarter. FMR LLC now owns 11,992,651 shares of the financial services provider’s stock worth $239,253,000 after buying an additional 4,154,719 shares in the last quarter. Glenmede Trust Co. NA grew its position in Outfront Media by 946,832.1% during the third quarter. Glenmede Trust Co. NA now owns 2,121,128 shares of the financial services provider’s stock worth $42,315,000 after buying an additional 2,120,904 shares in the last quarter. Vanguard Group Inc. grew its position in Outfront Media by 6.6% during the third quarter. Vanguard Group Inc. now owns 19,594,607 shares of the financial services provider’s stock worth $390,912,000 after buying an additional 1,216,208 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Outfront Media by 1,270.7% during the third quarter. Renaissance Technologies LLC now owns 696,300 shares of the financial services provider’s stock worth $13,891,000 after buying an additional 645,500 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

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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