Brokerages Set Outfront Media Inc (NYSE:OUT) Target Price at $28.14

Outfront Media Inc (NYSE:OUT) has received a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $28.14.

A number of analysts have weighed in on OUT shares. Barrington Research reiterated a “buy” rating and set a $29.00 price target on shares of Outfront Media in a report on Monday, November 11th. Zacks Investment Research downgraded Outfront Media from a “hold” rating to a “sell” rating and set a $27.00 price target for the company. in a report on Wednesday, November 20th. ValuEngine downgraded Outfront Media from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Finally, Imperial Capital increased their price target on Outfront Media from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd.

NYSE:OUT traded up $0.12 during trading hours on Tuesday, hitting $25.42. 766,212 shares of the company were exchanged, compared to its average volume of 758,026. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.38 and a beta of 1.02. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 3.06. Outfront Media has a one year low of $16.81 and a one year high of $28.42. The company has a fifty day simple moving average of $25.44 and a 200 day simple moving average of $26.45.

Outfront Media (NYSE:OUT) last issued its quarterly earnings results on Monday, November 4th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.35). Outfront Media had a return on equity of 13.54% and a net margin of 8.72%. The business had revenue of $462.50 million for the quarter, compared to analyst estimates of $461.97 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that Outfront Media will post 2.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a yield of 5.66%. Outfront Media’s payout ratio is currently 66.98%.

A number of institutional investors have recently modified their holdings of OUT. Select Equity Group L.P. grew its holdings in Outfront Media by 128.3% during the 3rd quarter. Select Equity Group L.P. now owns 4,255,111 shares of the financial services provider’s stock worth $118,207,000 after acquiring an additional 2,391,007 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Outfront Media in the 2nd quarter valued at about $54,299,000. Jericho Capital Asset Management L.P. grew its stake in shares of Outfront Media by 118.6% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 3,489,299 shares of the financial services provider’s stock valued at $96,933,000 after buying an additional 1,893,067 shares during the period. LSV Asset Management grew its stake in shares of Outfront Media by 52.1% in the 2nd quarter. LSV Asset Management now owns 2,805,889 shares of the financial services provider’s stock valued at $72,363,000 after buying an additional 961,351 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Outfront Media by 212.5% in the 2nd quarter. Invesco Ltd. now owns 1,400,560 shares of the financial services provider’s stock valued at $36,121,000 after buying an additional 952,323 shares during the period. Hedge funds and other institutional investors own 93.69% of the company’s stock.

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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Analyst Recommendations for Outfront Media (NYSE:OUT)

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