OUTFRONT Media’s (OUT) “Outperform” Rating Reaffirmed at Barrington Research

OUTFRONT Media (NYSE:OUT)‘s stock had its “outperform” rating reaffirmed by analysts at Barrington Research in a research note issued to investors on Monday, Benzinga reports. They presently have a $17.00 target price on the financial services provider’s stock. Barrington Research’s target price suggests a potential upside of 6.38% from the stock’s current price. Barrington Research also issued estimates for OUTFRONT Media’s Q2 2024 earnings at $0.42 EPS.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $15.98 on Monday. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.58 and a current ratio of 0.58. OUTFRONT Media has a fifty-two week low of $8.18 and a fifty-two week high of $17.02. The stock has a 50 day moving average price of $14.41 and a two-hundred day moving average price of $14.61. The company has a market capitalization of $2.65 billion, a P/E ratio of -6.01, a PEG ratio of 0.98 and a beta of 1.92.

Hedge Funds Weigh In On OUTFRONT Media

Hedge funds and other institutional investors have recently made changes to their positions in the business. Spire Wealth Management bought a new position in shares of OUTFRONT Media during the fourth quarter valued at approximately $28,000. Riverview Trust Co bought a new position in shares of OUTFRONT Media during the first quarter valued at approximately $33,000. Allworth Financial LP raised its holdings in shares of OUTFRONT Media by 52.7% during the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 874 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of OUTFRONT Media by 105.2% during the first quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,973 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of OUTFRONT Media by 163.6% during the fourth quarter. CWM LLC now owns 6,044 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 3,751 shares in the last quarter.

About OUTFRONT Media

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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.