OUTFRONT Media (NYSE:OUT) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of OUTFRONT Media (NYSE:OUT) from a strong-buy rating to a buy rating in a research report report published on Sunday morning.

A number of other research analysts have also issued reports on OUT. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a research note on Tuesday, May 12th. TD Cowen reissued a “buy” rating and set a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. JPMorgan Chase & Co. restated an “overweight” rating and set a $38.00 price target on shares of OUTFRONT Media in a report on Wednesday, July 22nd. Finally, Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.57.

OUTFRONT Media Stock Down 0.2%

Shares of OUTFRONT Media stock opened at $31.97 on Friday. OUTFRONT Media has a 12-month low of $16.64 and a 12-month high of $34.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. The stock has a 50 day moving average price of $32.23 and a two-hundred day moving average price of $29.12. The stock has a market capitalization of $5.63 billion, a P/E ratio of 30.45, a PEG ratio of 1.52 and a beta of 1.48.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The company had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts expect that OUTFRONT Media will post 2.11 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a $0.30 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 114.29%.

Insiders Place Their Bets

In related news, EVP Richard H. Sauer sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total transaction of $160,400.00. Following the completion of the transaction, the executive vice president directly owned 56,947 shares in the company, valued at $1,826,859.76. This represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James Michael Norton bought 4,130 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $30.81 per share, with a total value of $127,245.30. Following the completion of the purchase, the executive vice president owned 4,130 shares in the company, valued at approximately $127,245.30. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 20,000 shares of company stock worth $629,600 in the last ninety days. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of OUTFRONT Media in the third quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its stake in OUTFRONT Media by 74.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 686 shares during the period. Farther Finance Advisors LLC raised its holdings in OUTFRONT Media by 157.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in OUTFRONT Media in the 4th quarter valued at approximately $71,000. Finally, IFP Advisors Inc raised its holdings in OUTFRONT Media by 16.5% in the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 582 shares in the last quarter.

OUTFRONT Media Company Profile

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.