OUTFRONT Media (NYSE:OUT) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of OUTFRONT Media (NYSE:OUTFree Report) from a buy rating to a strong-buy rating in a report issued on Saturday.

OUT has been the topic of several other research reports. Wells Fargo & Company lifted their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. TD Cowen lifted their target price on shares of OUTFRONT Media from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Morgan Stanley set a $37.00 target price on shares of OUTFRONT Media in a research note on Friday. Finally, Barrington Research lifted their target price on shares of OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Get Our Latest Stock Report on OUT

OUTFRONT Media Price Performance

OUTFRONT Media stock opened at $33.88 on Friday. The company’s fifty day moving average price is $28.49 and its 200 day moving average price is $25.00. OUTFRONT Media has a 1 year low of $14.45 and a 1 year high of $34.96. The stock has a market capitalization of $5.97 billion, a P/E ratio of 32.27, a P/E/G ratio of 1.63 and a beta of 1.50. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.92 and a current ratio of 0.92.

OUTFRONT Media (NYSE:OUTGet Free Report) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 31.18%. The company had revenue of $429.60 million for the quarter, compared to analysts’ expectations of $431.44 million. During the same quarter in the previous year, the company posted $0.14 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts anticipate that OUTFRONT Media will post 2.08 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, June 5th. OUTFRONT Media’s payout ratio is currently 150.00%.

Insider Buying and Selling at OUTFRONT Media

In other news, EVP Matthew Siegel sold 50,000 shares of OUTFRONT Media stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the transaction, the executive vice president owned 289,925 shares in the company, valued at $7,477,165.75. The trade was a 14.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $26.93, for a total value of $303,528.03. Following the transaction, the director owned 36,244 shares in the company, valued at approximately $976,050.92. This represents a 23.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OUT. AQR Capital Management LLC raised its holdings in shares of OUTFRONT Media by 9.3% during the 1st quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 11,073 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in OUTFRONT Media by 2.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock valued at $1,388,000 after buying an additional 1,739 shares during the period. Goldman Sachs Group Inc. raised its holdings in OUTFRONT Media by 9.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after buying an additional 448,993 shares during the period. Empowered Funds LLC raised its holdings in OUTFRONT Media by 12.4% in the 1st quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock valued at $345,000 after buying an additional 2,357 shares during the period. Finally, Woodline Partners LP raised its holdings in OUTFRONT Media by 45.6% in the 1st quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock valued at $595,000 after buying an additional 11,559 shares during the period.

OUTFRONT Media News Summary

Here are the key news stories impacting OUTFRONT Media this week:

OUTFRONT Media Company Profile

(Get Free Report)

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.

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Analyst Recommendations for OUTFRONT Media (NYSE:OUT)

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