OUTFRONT Media Inc. (NYSE:OUT) Stock Has Average Price Target of $34.00

OUTFRONT Media Inc. (NYSE:OUT) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $34.00.

OUT has been the subject of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of OUTFRONT Media in a research report on Tuesday, September 8th. TD Cowen reiterated a “buy” rating and set a $40.00 price objective (up from $38.00) on shares of OUTFRONT Media in a research note on Thursday, August 6th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $38.00 target price on shares of OUTFRONT Media in a research report on Wednesday, July 22nd. Wall Street Zen downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. Finally, Wells Fargo & Company upped their target price 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.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP Matthew Siegel sold 25,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $27.84, for a total value of $696,000.00. Following the transaction, the executive vice president owned 264,925 shares in the company, valued at $7,375,512. The trade was a 8.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Emilio Bonanni sold 3,385 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $29.82, for a total transaction of $100,940.70. Following the completion of the transaction, the executive vice president owned 10,420 shares in the company, valued at $310,724.40. This represents a 24.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.45% of the company’s stock.

Institutional Trading of OUTFRONT Media

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of OUTFRONT Media by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,211,619 shares of the financial services provider’s stock worth $58,603,000 after acquiring an additional 133,960 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in OUTFRONT Media during the 2nd quarter valued at approximately $56,839,000. Sei Investments Co. grew its stake in OUTFRONT Media by 13.8% during the 1st quarter. Sei Investments Co. now owns 872,450 shares of the financial services provider’s stock valued at $23,120,000 after purchasing an additional 105,946 shares in the last quarter. ZWJ Investment Counsel Inc. grew its stake in OUTFRONT Media by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 639,155 shares of the financial services provider’s stock valued at $17,737,000 after purchasing an additional 3,725 shares in the last quarter. Finally, Braun Stacey Associates Inc. purchased a new stake in OUTFRONT Media during the 2nd quarter worth approximately $18,702,000.

OUTFRONT Media Price Performance

Shares of NYSE OUT opened at $31.07 on Friday. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.67 and a quick ratio of 0.67. OUTFRONT Media has a 1-year low of $16.97 and a 1-year high of $34.96. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 22.35 and a beta of 1.53. The business has a 50-day moving average of $29.30 and a 200-day moving average of $30.75.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.38 by $0.30. The business had revenue of $522.50 million for the quarter, compared to the consensus estimate of $509.61 million. OUTFRONT Media had a return on equity of 37.44% and a net margin of 12.66%. The company’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. On average, equities analysts anticipate that OUTFRONT Media will post 2.18 EPS for the current fiscal year.

OUTFRONT Media Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 4th were paid a dividend of $0.33 per share. This is a positive change from OUTFRONT Media’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.32 annualized dividend and a yield of 4.2%. OUTFRONT Media’s payout ratio is presently 94.96%.

About OUTFRONT Media

OUTFRONT Media Inc (NYSE: OUT) is an out-of-home media company that provides advertising services through a portfolio of billboard, transit and other outdoor advertising assets. The company helps advertisers reach consumers in high-traffic locations, including roads, urban centers, public transportation systems and other public spaces.

Its offerings include traditional printed billboards, digital billboards, transit displays and place-based media. OUTFRONT also provides related services such as media planning, creative support, audience analytics and technology-enabled advertising solutions, including digital and programmatic buying capabilities.

OUTFRONT primarily serves advertisers across the United States and Canada.