Analysts Set OUTFRONT Media Inc. (NYSE:OUT) Price Target at $15.00

OUTFRONT Media Inc. (NYSE:OUT) has earned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $15.00.

OUT has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of OUTFRONT Media in a report on Monday, July 15th. TD Cowen began coverage on OUTFRONT Media in a research report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price on the stock.

OUTFRONT Media Stock Performance

Shares of NYSE:OUT opened at $15.67 on Monday. The firm’s 50 day simple moving average is $14.48 and its 200 day simple moving average is $14.70. OUTFRONT Media has a fifty-two week low of $8.18 and a fifty-two week high of $17.02. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of -5.89, a P/E/G ratio of 1.01 and a beta of 1.92. The company has a debt-to-equity ratio of 5.08, a current ratio of 0.58 and a quick ratio of 0.58.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.66%. The ex-dividend date was Friday, June 7th. OUTFRONT Media’s payout ratio is -45.11%.

Institutional Trading of OUTFRONT Media

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