OUTFRONT Media (NYSE:OUT) Downgraded by Wolfe Research to “Peer Perform”

Wolfe Research cut shares of OUTFRONT Media (NYSE:OUT) from an outperform rating to a peer perform rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Other analysts have also issued reports about the company. Wells Fargo & Company assumed coverage on OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 target price on the stock. TD Cowen initiated coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price for the company. Barrington Research increased their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. upped their target price on OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, October 19th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

OUTFRONT Media Trading Down 0.3 %

OUT stock opened at $18.53 on Thursday. OUTFRONT Media has a 52 week low of $9.39 and a 52 week high of $19.33. The company has a market capitalization of $3.07 billion, a PE ratio of -6.98, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. The company’s 50-day simple moving average is $17.61 and its 200 day simple moving average is $15.84. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.67 and a current ratio of 0.67.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.41 by $0.60. The company had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $482.27 million. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. As a group, sell-side analysts anticipate that OUTFRONT Media will post 1.53 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend was Friday, September 6th. OUTFRONT Media’s payout ratio is -45.11%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OUT. Lasalle Investment Management Securities LLC increased its position in OUTFRONT Media by 17.3% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock valued at $47,733,000 after acquiring an additional 419,706 shares during the period. First Eagle Investment Management LLC increased its holdings in OUTFRONT Media by 48.5% in the second quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider’s stock valued at $10,174,000 after purchasing an additional 232,300 shares during the period. Duality Advisers LP bought a new position in OUTFRONT Media during the 1st quarter worth $944,000. BNP Paribas Financial Markets lifted its holdings in OUTFRONT Media by 51.9% during the 1st quarter. BNP Paribas Financial Markets now owns 375,690 shares of the financial services provider’s stock worth $6,308,000 after buying an additional 128,343 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of OUTFRONT Media by 266.2% in the 2nd quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider’s stock valued at $697,000 after buying an additional 35,409 shares during the last quarter.

OUTFRONT Media Company Profile

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.