Outfront Media (NYSE:OUT) Price Target Lowered to $30.00 at Citigroup

Outfront Media (NYSE:OUTGet Rating) had its price target reduced by Citigroup from $31.00 to $30.00 in a report issued on Thursday morning, The Fly reports.

Several other analysts also recently issued reports on the company. Morgan Stanley upped their price objective on Outfront Media from $30.00 to $33.00 and gave the company an equal weight rating in a research report on Thursday, March 31st. Wolfe Research initiated coverage on shares of Outfront Media in a research note on Tuesday, March 29th. They set an outperform rating and a $34.00 price target on the stock. Finally, StockNews.com assumed coverage on Outfront Media in a report on Thursday, March 31st. They issued a hold rating for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $31.50.

NYSE OUT opened at $19.95 on Thursday. The business has a 50 day moving average price of $25.88 and a 200 day moving average price of $25.87. The company has a market capitalization of $3.27 billion, a P/E ratio of 39.90, a PEG ratio of 1.07 and a beta of 1.68. Outfront Media has a 1-year low of $19.62 and a 1-year high of $29.36. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.42 and a quick ratio of 1.42.

Outfront Media (NYSE:OUTGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The financial services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.17). Outfront Media had a net margin of 6.54% and a return on equity of 10.09%. During the same period in the previous year, the firm posted ($0.17) earnings per share. On average, research analysts expect that Outfront Media will post 1.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Thursday, June 2nd. Outfront Media’s payout ratio is 240.00%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its position in Outfront Media by 1.0% in the third quarter. Arizona State Retirement System now owns 39,644 shares of the financial services provider’s stock valued at $999,000 after acquiring an additional 384 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Outfront Media by 0.7% during the first quarter. State of Alaska Department of Revenue now owns 74,461 shares of the financial services provider’s stock valued at $2,116,000 after acquiring an additional 510 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Outfront Media by 1.3% in the third quarter. Voya Investment Management LLC now owns 55,675 shares of the financial services provider’s stock worth $1,403,000 after acquiring an additional 699 shares in the last quarter. Mackenzie Financial Corp grew its stake in Outfront Media by 11.9% during the 1st quarter. Mackenzie Financial Corp now owns 9,120 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 970 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Outfront Media during the 1st quarter worth approximately $28,000.

About Outfront Media (Get Rating)

Outfront Media Inc 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 technology platform, Outfront Media Inc will fundamentally change the ways advertisers engage audiences on-the-go.

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