OUTFRONT Media (NYSE:OUT) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of OUTFRONT Media (NYSE:OUT) from a hold rating to a buy rating in a research note released on Saturday morning.

Other research analysts have also recently issued reports about the stock. TD Cowen assumed coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price objective for the company. Barrington Research raised their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Wells Fargo & Company initiated coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, OUTFRONT Media has a consensus rating of “Moderate Buy” and an average target price of $18.50.

OUTFRONT Media Stock Down 0.8 %

NYSE:OUT opened at $18.63 on Friday. OUTFRONT Media has a 52 week low of $9.00 and a 52 week high of $19.33. The firm has a market capitalization of $3.09 billion, a PE ratio of -7.00, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71. The stock has a 50 day moving average of $17.49 and a 200-day moving average of $15.80.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $482.27 million. During the same period in the previous year, the business posted $0.47 EPS. OUTFRONT Media’s revenue was up 1.8% on a year-over-year basis. Analysts predict that OUTFRONT Media will post 1.53 EPS for the current year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.44%. OUTFRONT Media’s dividend payout ratio is -45.11%.

Institutional Investors Weigh In On OUTFRONT Media

A number of institutional investors have recently modified their holdings of the stock. Quarry LP lifted its holdings in shares of OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,325 shares during the last quarter. Riverview Trust Co acquired a new stake in OUTFRONT Media in the 1st quarter valued at approximately $33,000. National Bank of Canada FI bought a new stake in shares of OUTFRONT Media in the second quarter valued at approximately $28,000. GAMMA Investing LLC boosted its holdings in OUTFRONT Media by 105.2% in the 1st quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,973 shares during the period. Finally, Quest Partners LLC grew its position in OUTFRONT Media by 30.0% in the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 994 shares during 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.