OUTFRONT Media Inc. (NYSE:OUT) Receives Consensus Rating of “Moderate Buy” from Analysts

OUTFRONT Media Inc. (NYSE:OUT) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $30.7143.

Several equities research analysts recently commented on the company. TD Cowen reaffirmed a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a report on Friday, May 8th. Wall Street Zen downgraded OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Barrington Research set a $38.00 price target on OUTFRONT Media in a report on Tuesday, May 12th.

Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, EVP James Michael Norton purchased 4,130 shares of OUTFRONT Media stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $30.81 per share, with a total value of $127,245.30. Following the completion of the transaction, the executive vice president owned 4,130 shares of the company’s stock, valued at $127,245.30. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard H. Sauer sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total transaction of $160,400.00. Following the completion of the transaction, the executive vice president directly owned 56,947 shares of the company’s stock, valued at $1,826,859.76. This represents a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,000 shares of company stock worth $629,600 in the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OUTFRONT Media

Several institutional investors have recently modified their holdings of OUT. Burney Co. acquired a new position in OUTFRONT Media in the fourth quarter valued at approximately $735,000. Polar Asset Management Partners Inc. acquired a new position in OUTFRONT Media in the third quarter valued at $5,622,000. BTC Capital Management Inc. purchased a new position in shares of OUTFRONT Media during the fourth quarter worth about $3,625,000. Pensionfund PDN purchased a new position in OUTFRONT Media during the 4th quarter worth approximately $1,027,000. Finally, Vanguard Group Inc. increased its position in OUTFRONT Media by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock worth $545,983,000 after buying an additional 1,131,954 shares during the period.

OUTFRONT Media Stock Up 0.2%

OUT opened at $33.37 on Friday. The company has a fifty day moving average of $32.24 and a two-hundred day moving average of $28.77. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 1.57 and a beta of 1.48. OUTFRONT Media has a fifty-two week low of $16.64 and a fifty-two week high of $34.96. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The business had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. During the same period last year, the firm posted $0.14 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts expect that OUTFRONT Media will post 2.12 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, June 5th. OUTFRONT Media’s dividend payout ratio is 114.29%.

About OUTFRONT Media

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.