OUTFRONT Media (NYSE:OUT) Downgraded by Wolfe Research

OUTFRONT Media (NYSE:OUT) was downgraded by equities researchers at Wolfe Research from an “outperform” rating to a “peer perform” rating in a report released on Thursday, Marketbeat reports.

OUT has been the subject of several other research reports. Wells Fargo & Company assumed coverage on OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Barrington Research raised their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. TD Cowen started coverage on shares of OUTFRONT Media in a research note on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price objective for the company. Finally, StockNews.com upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, October 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.50.

OUTFRONT Media Stock Up 1.1 %

OUTFRONT Media stock opened at $18.84 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.71. The company has a market capitalization of $3.13 billion, a P/E ratio of -7.08, a P/E/G ratio of 1.20 and a beta of 1.94. The firm has a 50 day moving average price of $17.55 and a 200-day moving average price of $15.82. OUTFRONT Media has a twelve month low of $9.39 and a twelve month high of $19.33.

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

Institutional Investors Weigh In On OUTFRONT Media

Large investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of OUTFRONT Media by 23.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,927,340 shares of the financial services provider’s stock valued at $32,360,000 after acquiring an additional 371,978 shares in the last quarter. First Trust Direct Indexing L.P. bought a new stake in OUTFRONT Media during the first quarter valued at approximately $210,000. Private Advisor Group LLC grew its position in OUTFRONT Media by 32.4% in the first quarter. Private Advisor Group LLC now owns 28,418 shares of the financial services provider’s stock worth $477,000 after acquiring an additional 6,950 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of OUTFRONT Media by 51.9% in the 1st quarter. BNP Paribas Financial Markets now owns 375,690 shares of the financial services provider’s stock worth $6,308,000 after purchasing an additional 128,343 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its position in OUTFRONT Media by 145.8% during the first quarter. DAVENPORT & Co LLC now owns 1,720,884 shares of the financial services provider’s stock valued at $28,825,000 after acquiring an additional 1,020,719 shares during the last quarter.

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