Barrington Research Reaffirms “Outperform” Rating for OUTFRONT Media (NYSE:OUT)

Barrington Research reiterated their outperform rating on shares of OUTFRONT Media (NYSE:OUT) in a report issued on Wednesday morning,Benzinga reports. They currently have a $21.00 price objective on the financial services provider’s stock.

A number of other brokerages also recently issued reports on OUT. Wells Fargo & Company initiated coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen began coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They set a “hold” rating and a $16.00 price target for the company. Wolfe Research cut shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, OUTFRONT Media presently has an average rating of “Hold” and an average price target of $19.25.

OUTFRONT Media Stock Up 2.0 %

OUT stock opened at $18.70 on Wednesday. The firm has a market capitalization of $3.10 billion, a PE ratio of 13.65, a P/E/G ratio of 1.20 and a beta of 1.94. The company has a quick ratio of 0.67, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media has a twelve month low of $11.59 and a twelve month high of $19.33. The stock’s 50 day moving average is $18.04 and its 200-day moving average is $16.10.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.20). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The company had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. During the same quarter last year, the business posted $0.46 earnings per share. OUTFRONT Media’s revenue was down .6% on a year-over-year basis. Sell-side analysts expect that OUTFRONT Media will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s payout ratio is 87.59%.

Hedge Funds Weigh In On OUTFRONT Media

A number of large investors have recently made changes to their positions in OUT. Harbor Capital Advisors Inc. bought a new stake in shares of OUTFRONT Media during the 3rd quarter valued at $32,000. Quarry LP increased its position in shares of OUTFRONT Media by 258.8% during the second 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 period. National Bank of Canada FI purchased a new stake in shares of OUTFRONT Media in the second quarter worth about $28,000. Quest Partners LLC boosted its position in shares of OUTFRONT Media by 30.0% in the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 994 shares during the period. Finally, CWM LLC grew its stake in OUTFRONT Media by 18.5% during the third quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 1,199 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.