Outfront Media (NYSE:OUT) Upgraded by Zacks Investment Research to “Hold”

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Outfront Media (NYSE:OUT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Outfront Media, Inc. is a lessor of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America. The Company’s portfolio primarily consists of billboard displays. It provides other value-added services to its customers, such as pre-campaign category research, creative design support and post-campaign tracking and analytics. The Company’s media products also include bulletins and wallscapes, spectaculars, digital billboards, buses and street furniture. It serves a range of customers that includes consumer-focused companies in the entertainment, retail, healthcare, telecom, restaurant, financial services, travel and leisure and automotive industries. Outfront Media Inc., formerly known as CBS Outdoor Americas Inc., is headquartered in New York. “

OUT has been the subject of several other reports. CIBC restated a “buy” rating and set a $13.00 price objective on shares of BlackBerry in a research note on Friday, March 29th. Imperial Capital decreased their price objective on shares of Denbury Resources from $3.00 to $2.00 and set an “in-line” rating for the company in a research note on Thursday, June 6th. Barrington Research lifted their price objective on shares of Lions Gate Entertainment to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, May 29th. Finally, Oppenheimer set a $10.00 price objective on shares of Motus GI and gave the company a “buy” rating in a research note on Thursday, March 28th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $26.87.

OUT stock opened at $26.53 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 3.07. Outfront Media has a 52 week low of $16.81 and a 52 week high of $26.96. The stock has a 50 day moving average of $25.81. The firm has a market cap of $3.74 billion, a PE ratio of 12.34, a PEG ratio of 1.69 and a beta of 1.10.

Outfront Media (NYSE:OUT) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.23). Outfront Media had a net margin of 6.40% and a return on equity of 9.36%. The business had revenue of $371.70 million for the quarter, compared to analyst estimates of $364.55 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that Outfront Media will post 2.13 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fox Run Management L.L.C. purchased a new stake in shares of Outfront Media during the second quarter worth $277,000. Foster & Motley Inc. purchased a new stake in shares of Outfront Media during the second quarter worth $1,080,000. Nisa Investment Advisors LLC grew its holdings in shares of Outfront Media by 91.9% during the second quarter. Nisa Investment Advisors LLC now owns 74,263 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 35,562 shares in the last quarter. Exane Derivatives grew its holdings in shares of Outfront Media by 23.5% during the second quarter. Exane Derivatives now owns 8,331 shares of the financial services provider’s stock worth $215,000 after buying an additional 1,585 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Outfront Media by 9.9% during the first quarter. FMR LLC now owns 13,276,952 shares of the financial services provider’s stock worth $310,681,000 after buying an additional 1,200,483 shares in the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Outfront Media Company Profile

OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.

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