OUTFRONT Media (NYSE:OUT) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of OUTFRONT Media (NYSE:OUT) in a research note published on Thursday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $22.00 target price on the financial services provider’s stock.

OUT has been the subject of several other research reports. StockNews.com raised shares of OUTFRONT Media from a hold rating to a buy rating in a report on Friday, August 30th. TD Cowen initiated coverage on OUTFRONT Media in a research note on Tuesday, July 16th. They set a hold rating and a $16.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock a neutral rating in a research note on Wednesday, July 31st. Finally, Barrington Research increased their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company an outperform rating in a research report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $17.20.

OUTFRONT Media Stock Up 1.0 %

NYSE OUT opened at $18.25 on Thursday. OUTFRONT Media has a 12 month low of $8.18 and a 12 month high of $18.65. 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 market cap of $3.03 billion, a PE ratio of -6.86, a P/E/G ratio of 1.10 and a beta of 1.94. The stock’s 50 day moving average is $16.14 and its 200 day moving average is $15.46.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $482.27 million. During the same quarter last year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts predict that OUTFRONT Media will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, September 6th. This represents a $1.20 annualized dividend and a yield of 6.58%. OUTFRONT Media’s payout ratio is currently -45.11%.

Institutional Investors Weigh In On OUTFRONT Media

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new position in shares of OUTFRONT Media during the 4th quarter valued at approximately $2,370,000. Lasalle Investment Management Securities LLC increased its position in OUTFRONT Media by 17.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock valued at $47,733,000 after acquiring an additional 419,706 shares during the last quarter. Duality Advisers LP purchased a new stake in shares of OUTFRONT Media in the first quarter valued at $944,000. BNP Paribas Financial Markets lifted 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 acquiring an additional 128,343 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of OUTFRONT Media by 216.1% during the 1st quarter. First Eagle Investment Management LLC now owns 479,191 shares of the financial services provider’s stock worth $8,046,000 after purchasing an additional 327,584 shares during the period.

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.