OUTFRONT Media (NYSE:OUT) Cut to Buy at Wall Street Zen

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

OUT has been the subject of a number of other research reports. Morgan Stanley set a $37.00 price objective on shares of OUTFRONT Media in a report on Friday, May 8th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $38.00 target price on shares of OUTFRONT Media in a research note on Wednesday, July 22nd. 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. Finally, Barrington Research set a $38.00 price target on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.57.

OUTFRONT Media Stock Up 0.3%

Shares of NYSE:OUT opened at $32.36 on Friday. The company has a market capitalization of $5.70 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.48. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. The business has a fifty day moving average price of $32.24 and a two-hundred day moving average price of $29.24. OUTFRONT Media has a 1 year low of $16.64 and a 1 year high of $34.96.

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

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. OUTFRONT Media’s dividend payout ratio is presently 114.29%.

Insider Activity

In related news, EVP Richard H. Sauer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president directly owned 56,947 shares in the company, valued at approximately $1,826,859.76. The trade was a 8.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James Michael Norton bought 4,130 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $30.81 per share, with a total value of $127,245.30. Following the transaction, the executive vice president directly owned 4,130 shares of the company’s stock, valued at approximately $127,245.30. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 20,000 shares of company stock valued at $629,600. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in OUTFRONT Media during the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of OUTFRONT Media by 74.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 686 shares during the period. Farther Finance Advisors LLC grew its position in shares of OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of OUTFRONT Media in the fourth quarter valued at $71,000. Finally, IFP Advisors Inc grew its position in shares of OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 582 shares in the last quarter.

About OUTFRONT Media

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.