Morgan Stanley Issues Positive Forecast for OUTFRONT Media (NYSE:OUT) Stock Price

OUTFRONT Media (NYSE:OUT) had its target price boosted by Morgan Stanley from $17.00 to $18.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

A number of other research analysts have also commented on the company. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Wolfe Research downgraded shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Wells Fargo & Company started coverage on shares of OUTFRONT Media in a research note on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective for the company. Finally, Barrington Research restated an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.00.

OUTFRONT Media Stock Performance

NYSE OUT opened at $17.60 on Wednesday. The stock has a market cap of $2.92 billion, a PE ratio of 12.85, a P/E/G ratio of 1.20 and a beta of 1.96. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50-day moving average of $18.63 and a 200-day moving average of $16.78. OUTFRONT Media has a 52-week low of $12.27 and a 52-week high of $19.50.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.20). The company had revenue of $451.90 million for the quarter, compared to analyst estimates of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. On average, sell-side analysts anticipate that OUTFRONT Media will post 1.56 EPS for the current year.

OUTFRONT Media Cuts Dividend

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

Hedge Funds Weigh In On OUTFRONT Media

A number of institutional investors have recently modified their holdings of the business. Dark Forest Capital Management LP grew its stake in shares of OUTFRONT Media by 3.0% during the second quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider’s stock worth $359,000 after buying an additional 738 shares during the last quarter. Quest Partners LLC grew its position in OUTFRONT Media by 30.0% during the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 994 shares during the last quarter. CWM LLC grew its position in OUTFRONT Media by 18.5% during the 3rd quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 1,199 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in OUTFRONT Media by 5.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its position in OUTFRONT Media by 0.6% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 206,715 shares of the financial services provider’s stock valued at $3,799,000 after purchasing an additional 1,235 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.