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

OUTFRONT Media Inc. (NYSE:OUT) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.00.

A number of brokerages recently issued reports on OUT. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a report on Tuesday, May 12th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $38.00 target price on shares of OUTFRONT Media in a report on Wednesday, July 22nd. TD Cowen restated a “buy” rating and issued a $40.00 price target (up from $38.00) on shares of OUTFRONT Media in a research report on Thursday, August 6th. Wells Fargo & Company raised their price target on shares of OUTFRONT Media from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a report on Friday, May 8th.

Insiders Place Their Bets

In other news, EVP Mark Emilio Bonanni sold 3,385 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $29.82, for a total value of $100,940.70. Following the completion of the sale, the executive vice president owned 10,420 shares of the company’s stock, valued at approximately $310,724.40. This represents a 24.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Richard H. Sauer sold 5,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the completion of the sale, the executive vice president directly owned 56,947 shares of the company’s stock, valued at approximately $1,826,859.76. The trade was a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 23,385 shares of company stock valued at $730,541. 0.45% of the stock is currently owned by company insiders.

Institutional Trading of OUTFRONT Media

Institutional investors have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. increased its position in OUTFRONT Media by 2.2% during the 4th quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock valued at $537,779,000 after purchasing an additional 486,192 shares during the period. California State Teachers Retirement System raised its holdings in OUTFRONT Media by 3,193.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,838,225 shares of the financial services provider’s stock worth $178,212,000 after purchasing an additional 5,660,956 shares during the last quarter. State Street Corp lifted its position in shares of OUTFRONT Media by 2.1% in the 4th quarter. State Street Corp now owns 5,483,013 shares of the financial services provider’s stock worth $132,141,000 after purchasing an additional 111,084 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of OUTFRONT Media by 9.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after purchasing an additional 448,993 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of OUTFRONT Media by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 4,309,133 shares of the financial services provider’s stock valued at $103,850,000 after purchasing an additional 335,265 shares during the last quarter.

OUTFRONT Media Price Performance

OUTFRONT Media stock opened at $29.00 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.50. The company has a market capitalization of $5.11 billion, a PE ratio of 20.86 and a beta of 1.48. OUTFRONT Media has a 12 month low of $16.97 and a 12 month high of $34.96. The stock has a 50-day moving average price of $31.47 and a two-hundred day moving average price of $30.26.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.30. The company had revenue of $522.50 million for the quarter, compared to analysts’ expectations of $509.61 million. OUTFRONT Media had a return on equity of 37.44% and a net margin of 12.66%.The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. Analysts expect that OUTFRONT Media will post 2.18 EPS for the current year.

OUTFRONT Media Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.32 annualized dividend and a yield of 4.6%. This is an increase from OUTFRONT Media’s previous quarterly dividend of $0.30. OUTFRONT Media’s dividend payout ratio is 86.33%.

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.