Analysts Set OUTFRONT Media Inc. (NYSE:OUT) Target Price at $17.97

Shares of OUTFRONT Media Inc. (NYSE:OUT) have earned an average rating of “Hold” from the six research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.97.

Several brokerages have commented on OUT. Wells Fargo & Company lowered their price objective on shares of OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. StockNews.com lowered shares of OUTFRONT Media from a “hold” rating to a “sell” rating in a research report on Monday, May 12th. Morgan Stanley lowered their price objective on shares of OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, April 23rd.

OUTFRONT Media Stock Up 0.1%

OUT stock opened at $16.36 on Friday. OUTFRONT Media has a twelve month low of $12.95 and a twelve month high of $19.98. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock’s 50 day moving average is $15.43 and its 200-day moving average is $17.48. The firm has a market capitalization of $2.73 billion, a PE ratio of 11.66, a P/E/G ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. Sell-side analysts expect that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.20 annualized dividend and a dividend yield of 7.33%. OUTFRONT Media’s payout ratio is 78.95%.

Hedge Funds Weigh In On OUTFRONT Media

Several large investors have recently modified their holdings of OUT. FMR LLC increased its stake in shares of OUTFRONT Media by 132.5% in the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider’s stock worth $276,819,000 after purchasing an additional 8,892,411 shares in the last quarter. Cohen & Steers Inc. increased its stake in shares of OUTFRONT Media by 87.8% in the fourth quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider’s stock worth $93,015,000 after purchasing an additional 2,450,632 shares in the last quarter. Benchstone Capital Management LP purchased a new position in shares of OUTFRONT Media in the fourth quarter worth about $29,038,000. LSV Asset Management increased its stake in shares of OUTFRONT Media by 6,623.5% in the fourth quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider’s stock worth $28,302,000 after purchasing an additional 1,571,634 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of OUTFRONT Media by 79.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,001,402 shares of the financial services provider’s stock worth $35,505,000 after purchasing an additional 886,605 shares in the last quarter.

OUTFRONT Media Company Profile

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.