ValuEngine Downgrades Outfront Media (OUT) to Hold

ValuEngine downgraded shares of Outfront Media (NYSE:OUT) from a buy rating to a hold rating in a research note published on Sunday morning.

A number of other analysts have also recently commented on OUT. Loop Capital restated a buy rating and issued a $28.00 price objective (up from $27.00) on shares of Outfront Media in a research report on Thursday, September 28th. Wells Fargo & Co restated an outperform rating and issued a $30.00 price objective on shares of Outfront Media in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research cut Outfront Media from a hold rating to a sell rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $29.57.

Outfront Media (NYSE OUT) traded down $0.21 during trading on Friday, hitting $22.95. The stock had a trading volume of 448,200 shares, compared to its average volume of 422,550. The stock has a market capitalization of $3,210.82, a PE ratio of 27.32, a PEG ratio of 1.61 and a beta of 1.13. Outfront Media has a 1-year low of $20.82 and a 1-year high of $27.89. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.23 and a quick ratio of 1.23.

Outfront Media (NYSE:OUT) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.20). The business had revenue of $392.40 million during the quarter, compared to analysts’ expectations of $391.18 million. Outfront Media had a net margin of 7.71% and a return on equity of 9.57%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. equities analysts forecast that Outfront Media will post 1.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Thursday, December 7th. Outfront Media’s payout ratio is 171.43%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Utah Retirement Systems increased its position in shares of Outfront Media by 62.9% during the second quarter. Utah Retirement Systems now owns 41,001 shares of the financial services provider’s stock worth $948,000 after purchasing an additional 15,837 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Outfront Media by 7.3% during the second quarter. JPMorgan Chase & Co. now owns 14,230,026 shares of the financial services provider’s stock worth $328,999,000 after purchasing an additional 973,398 shares in the last quarter. Legal & General Group Plc increased its position in shares of Outfront Media by 5.4% during the second quarter. Legal & General Group Plc now owns 126,737 shares of the financial services provider’s stock worth $2,931,000 after purchasing an additional 6,531 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Outfront Media by 2.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,092,657 shares of the financial services provider’s stock worth $25,263,000 after purchasing an additional 27,119 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Outfront Media by 4.8% during the second quarter. Vanguard Group Inc. now owns 11,686,258 shares of the financial services provider’s stock worth $270,185,000 after purchasing an additional 535,730 shares in the last quarter.

WARNING: This article was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/3125882/valuengine-downgrades-outfront-media-out-to-hold.html.

Outfront Media Company Profile

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Outfront Media (NYSE:OUT)

Receive News & Ratings for Outfront Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outfront Media and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.