Morgan Stanley Issues Positive Forecast for OUTFRONT Media (NYSE:OUT) Stock Price

OUTFRONT Media (NYSE:OUT) had its price target upped by investment analysts at Morgan Stanley from $17.00 to $18.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price suggests a potential downside of 1.80% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company initiated 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. Barrington Research reaffirmed an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Finally, Wolfe Research cut shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.00.

OUTFRONT Media Price Performance

Shares of NYSE:OUT traded down $0.03 during trading on Wednesday, reaching $18.33. The stock had a trading volume of 527,723 shares, compared to its average volume of 1,784,931. The stock has a market capitalization of $3.04 billion, a PE ratio of 13.37, a P/E/G ratio of 1.20 and a beta of 1.96. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media has a 52 week low of $12.27 and a 52 week high of $19.50. The business’s 50-day moving average price is $18.64 and its 200 day moving average price is $16.78.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.20). The business had revenue of $451.90 million during the quarter, compared to the consensus estimate of $456.38 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. As a group, equities analysts predict that OUTFRONT Media will post 1.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OUT. Nisa Investment Advisors LLC grew its stake in shares of OUTFRONT Media by 3.9% in the second quarter. Nisa Investment Advisors LLC now owns 124,054 shares of the financial services provider’s stock valued at $1,774,000 after acquiring an additional 4,643 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of OUTFRONT Media by 2.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 73,400 shares of the financial services provider’s stock valued at $1,050,000 after acquiring an additional 1,500 shares in the last quarter. Bailard Inc. bought a new stake in shares of OUTFRONT Media during the second quarter worth about $180,000. Rhumbline Advisers increased its position in OUTFRONT Media by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 496,221 shares of the financial services provider’s stock valued at $7,096,000 after acquiring an additional 4,193 shares during the period. Finally, National Bank of Canada FI bought a new stake in shares of OUTFRONT Media in the second quarter worth $28,000.

About OUTFRONT Media

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.