OUTFRONT Media (NYSE:OUT) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of OUTFRONT Media (NYSE:OUT) from a buy rating to a hold rating in a research report released on Monday morning.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen initiated coverage on OUTFRONT Media in a report on Tuesday, July 16th. They set a “hold” rating and a $16.00 price target for the company. Wells Fargo & Company started coverage on OUTFRONT Media in a research note on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective on the stock. Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Finally, Barrington Research upped their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, OUTFRONT Media currently has an average rating of “Hold” and a consensus target price of $18.50.

OUTFRONT Media Trading Down 2.7 %

Shares of OUT opened at $17.76 on Monday. 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 $2.95 billion, a PE ratio of -6.74, a PEG ratio of 1.20 and a beta of 1.94. OUTFRONT Media has a 1 year low of $9.50 and a 1 year high of $19.33. The stock has a 50 day simple moving average of $17.78 and a 200-day simple moving average of $15.90.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 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 company had revenue of $477.30 million for the quarter, compared to the consensus estimate of $482.27 million. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts predict that OUTFRONT Media will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.20 annualized dividend and a dividend yield of 6.76%. OUTFRONT Media’s dividend payout ratio (DPR) is currently -45.11%.

Hedge Funds Weigh In On OUTFRONT Media

Large investors have recently made changes to their positions in the company. Quarry LP increased its position in OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,325 shares during the period. National Bank of Canada FI acquired a new stake in shares of OUTFRONT Media during the 2nd quarter worth approximately $28,000. Harbor Capital Advisors Inc. bought a new stake in shares of OUTFRONT Media during the third quarter worth approximately $32,000. Quest Partners LLC lifted its holdings in 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 buying an additional 994 shares during the period. Finally, CWM LLC boosted its stake in OUTFRONT Media by 18.5% in 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 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.