ValuEngine upgraded shares of Outfront Media (NYSE:OUT) from a sell rating to a hold rating in a research note released on Thursday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Outfront Media from a buy rating to a hold rating in a research note on Thursday, January 3rd. Wolfe Research began coverage on Outfront Media in a research note on Friday, December 7th. They set an outperform rating and a $25.00 price target for the company. TheStreet upgraded Outfront Media from a c+ rating to a b- rating in a research note on Monday, November 26th. Imperial Capital began coverage on Outfront Media in a research note on Thursday, September 13th. They set an inline rating and a $22.00 price target for the company. Finally, Morgan Stanley increased their price target on Outfront Media from $22.00 to $24.00 and gave the stock an equal weight rating in a research note on Friday, December 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Outfront Media has a consensus rating of Buy and an average price target of $23.50.

Shares of OUT stock traded up $0.17 on Thursday, hitting $20.30. 594,095 shares of the stock were exchanged, compared to its average volume of 1,049,837. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.22 and a beta of 1.17. Outfront Media has a one year low of $16.81 and a one year high of $22.99.

Outfront Media (NYSE:OUT) last posted its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $414.20 million during the quarter, compared to the consensus estimate of $404.37 million. Outfront Media had a return on equity of 7.42% and a net margin of 5.54%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. Equities analysts predict that Outfront Media will post 2.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Friday, December 7th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $1.44 dividend on an annualized basis and a yield of 7.09%. Outfront Media’s dividend payout ratio (DPR) is 72.00%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Gabelli Funds LLC purchased a new stake in Outfront Media during the 3rd quarter worth about $200,000. Cubist Systematic Strategies LLC raised its holdings in shares of Outfront Media by 70.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 4,467 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Outfront Media in the 3rd quarter valued at about $287,000. Ramsey Quantitative Systems purchased a new stake in shares of Outfront Media in the 3rd quarter valued at about $363,000. Finally, Schroder Investment Management Group purchased a new stake in shares of Outfront Media in the 3rd quarter valued at about $373,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

About Outfront Media

OUTFRONT leverages the power of technology, location and creativity to connect 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 is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.

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