Outfront Media Inc (NYSE:OUT) has been given an average recommendation of “Hold” by the nine analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $30.80.
A number of research firms have recently weighed in on OUT. Zacks Investment Research downgraded shares of Outfront Media from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. ValuEngine cut shares of Outfront Media from a “buy” rating to a “hold” rating in a research note on Friday.
Several hedge funds have recently made changes to their positions in OUT. M&T Bank Corp lifted its stake in Outfront Media by 7.6% in the 2nd quarter. M&T Bank Corp now owns 10,597 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 748 shares in the last quarter. OxFORD Asset Management LLP lifted its stake in Outfront Media by 3.2% in the 2nd quarter. OxFORD Asset Management LLP now owns 34,268 shares of the financial services provider’s stock worth $792,000 after purchasing an additional 1,059 shares in the last quarter. Royal Bank of Canada lifted its stake in Outfront Media by 2.8% in the 2nd quarter. Royal Bank of Canada now owns 44,194 shares of the financial services provider’s stock worth $1,022,000 after purchasing an additional 1,203 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Outfront Media by 57.9% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 6,000 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Outfront Media by 45.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,430 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 2,324 shares in the last quarter. Institutional investors own 98.94% of the company’s stock.
Outfront Media (OUT) traded down $0.05 during trading on Friday, hitting $21.52. 514,469 shares of the stock were exchanged, compared to its average volume of 806,242. Outfront Media has a 1 year low of $20.82 and a 1 year high of $27.89. The company has a market cap of $3,000.00, a P/E ratio of 25.75, a P/E/G ratio of 1.52 and a beta of 1.01. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.73.
Outfront Media (NYSE:OUT) last released its earnings results on Monday, November 6th. The financial services provider reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.20). Outfront Media had a net margin of 7.71% and a return on equity of 9.57%. The company had revenue of $392.40 million for the quarter, compared to the consensus estimate of $391.18 million. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. research analysts expect that Outfront Media will post 1.95 earnings per share for the current fiscal year.
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Outfront Media Company Profile
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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