Outfront Media (NYSE:OUT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Outfront Media (NYSE:OUT – Get Rating) in a research note issued to investors on Thursday. The firm issued a sell rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. Morgan Stanley cut their target price on shares of Outfront Media from $22.00 to $20.00 and set an equal weight rating for the company in a research note on Monday, December 19th. JPMorgan Chase & Co. dropped their price objective on shares of Outfront Media from $25.00 to $22.00 and set an overweight rating for the company in a research note on Thursday, February 23rd. Citigroup dropped their price objective on shares of Outfront Media from $27.00 to $25.00 and set a buy rating for the company in a research note on Monday, February 27th. Finally, Barrington Research reiterated an outperform rating and issued a $24.00 price objective on shares of Outfront Media in a research note on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Outfront Media presently has an average rating of Moderate Buy and a consensus price target of $25.00.

Outfront Media Stock Performance

NYSE OUT opened at $15.06 on Thursday. The firm has a 50-day moving average of $18.41 and a 200-day moving average of $17.64. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $2.48 billion, a PE ratio of 18.59, a P/E/G ratio of 0.87 and a beta of 1.72. Outfront Media has a 52-week low of $14.97 and a 52-week high of $29.36.

Outfront Media (NYSE:OUT – Get Rating) last posted its earnings results on Wednesday, February 22nd. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.30). The company had revenue of $494.70 million for the quarter, compared to analyst estimates of $495.37 million. Outfront Media had a return on equity of 12.13% and a net margin of 8.35%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. On average, sell-side analysts anticipate that Outfront Media will post 1.79 EPS for the current year.

Outfront Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.97%. The ex-dividend date of this dividend is Thursday, March 2nd. Outfront Media’s dividend payout ratio (DPR) is 148.15%.

Hedge Funds Weigh In On Outfront Media

Several hedge funds have recently bought and sold shares of the company. State of Tennessee Treasury Department increased its holdings in Outfront Media by 0.6% in the 4th quarter. State of Tennessee Treasury Department now owns 92,766 shares of the financial services provider’s stock valued at $1,538,000 after buying an additional 517 shares during the period. Amalgamated Bank increased its holdings in Outfront Media by 0.9% in the 4th quarter. Amalgamated Bank now owns 71,596 shares of the financial services provider’s stock valued at $1,187,000 after buying an additional 626 shares during the period. CWM LLC increased its holdings in Outfront Media by 86.6% in the 4th quarter. CWM LLC now owns 1,726 shares of the financial services provider’s stock valued at $29,000 after buying an additional 801 shares during the period. Brinker Capital Investments LLC increased its holdings in Outfront Media by 3.8% in the 4th quarter. Brinker Capital Investments LLC now owns 22,644 shares of the financial services provider’s stock valued at $375,000 after buying an additional 823 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Outfront Media by 11.9% in the 1st quarter. Mackenzie Financial Corp now owns 9,120 shares of the financial services provider’s stock valued at $259,000 after buying an additional 970 shares during the period.

Outfront Media Company Profile

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OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.