OUTFRONT Media (NYSE:OUT) Reaches New 52-Week High – What’s Next?

by · The Cerbat Gem

Shares of OUTFRONT Media Inc. (NYSE:OUT – Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $18.97 and last traded at $18.94, with a volume of 232163 shares. The stock had previously closed at $18.53.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Barrington Research increased their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. TD Cowen started coverage on OUTFRONT Media in a research note on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price target on the stock. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company assumed coverage on shares of OUTFRONT Media in a research note on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.50.

View Our Latest Analysis on OUT

OUTFRONT Media Trading Up 0.1 %

The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $3.17 billion, a P/E ratio of -7.18, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. The stock has a 50-day moving average price of $17.19 and a two-hundred day moving average price of $15.73.

OUTFRONT Media (NYSE:OUT – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share 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 business had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $482.27 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, research analysts forecast that OUTFRONT Media Inc. will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 6th. This represents a $1.20 annualized dividend and a yield of 6.29%. OUTFRONT Media’s payout ratio is -45.11%.

Institutional Investors Weigh In On OUTFRONT Media

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP increased its holdings in shares of OUTFRONT Media by 258.8% during the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,325 shares in the last quarter. Riverview Trust Co purchased a new position in shares of OUTFRONT Media during the 1st quarter valued at about $33,000. National Bank of Canada FI purchased a new position in shares of OUTFRONT Media during the 2nd quarter valued at about $28,000. GAMMA Investing LLC grew its stake in shares of OUTFRONT Media by 105.2% during the 1st quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,973 shares during the period. Finally, Quest Partners LLC increased its holdings in OUTFRONT Media by 30.0% in the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 994 shares in the last quarter.

About OUTFRONT Media

(Get Free Report)

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.

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