OUTFRONT Media (NYSE:OUT) Raised to “Strong-Buy” at Wall Street Zen

OUTFRONT Media (NYSE:OUT) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a report on Friday, May 8th. TD Cowen reaffirmed a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Finally, Barrington Research set a $38.00 target price on OUTFRONT Media in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.71.

OUTFRONT Media Price Performance

NYSE OUT opened at $33.23 on Friday. OUTFRONT Media has a 12 month low of $16.64 and a 12 month high of $34.96. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 1.57 and a beta of 1.48. The company’s 50 day moving average is $32.23 and its two-hundred day moving average is $28.84. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, research analysts anticipate that OUTFRONT Media will post 2.12 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP James Michael Norton bought 4,130 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $30.81 per share, with a total value of $127,245.30. Following the transaction, the executive vice president owned 4,130 shares in the company, valued at $127,245.30. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard H. Sauer sold 5,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president owned 56,947 shares in the company, valued at $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. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $629,600. Company insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On OUTFRONT Media

Several hedge funds and other institutional investors have recently made changes to their positions in OUT. Gamco Investors INC. ET AL raised its position in OUTFRONT Media by 0.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 51,648 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 351 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of OUTFRONT Media by 4.6% in the second quarter. GAMMA Investing LLC now owns 10,048 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 440 shares during the period. CWM LLC increased its stake in shares of OUTFRONT Media by 5.5% in the fourth quarter. CWM LLC now owns 8,682 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 453 shares during the period. Maryland State Retirement & Pension System raised its holdings in shares of OUTFRONT Media by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 468 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of OUTFRONT Media by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,256 shares of the financial services provider’s stock worth $801,000 after purchasing an additional 500 shares during the last quarter.

OUTFRONT Media Company Profile

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.