Shares of Outfront Media Inc (NYSE:OUT) have received an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.00.

OUT has been the subject of a number of analyst reports. Imperial Capital decreased their price objective on shares of Outfront Media from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Morgan Stanley upped their price target on shares of Outfront Media from $13.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, June 22nd. JPMorgan Chase & Co. reduced their price target on shares of Outfront Media from $26.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Citigroup upped their price target on shares of Outfront Media from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Finally, Oppenheimer reduced their price target on shares of Outfront Media from $36.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th.

Hedge funds have recently added to or reduced their stakes in the business. Sailer Financial LLC acquired a new stake in Outfront Media in the 4th quarter valued at about $35,000. Marshall Wace North America L.P. acquired a new stake in Outfront Media in the 1st quarter valued at about $44,000. Fred Alger Management LLC raised its holdings in Outfront Media by 106.1% in the 4th quarter. Fred Alger Management LLC now owns 2,339 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 1,204 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Outfront Media by 73.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 4,789 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 2,034 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Outfront Media by 608.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,839 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,438 shares during the period. Institutional investors own 96.25% of the company’s stock.

Shares of Outfront Media stock traded down $0.34 during trading hours on Friday, reaching $14.26. The stock had a trading volume of 1,280,877 shares, compared to its average volume of 2,632,688. The stock’s 50 day moving average is $15.18 and its 200 day moving average is $20.28. The firm has a market capitalization of $2.06 billion, a PE ratio of 14.70, a PEG ratio of 2.29 and a beta of 1.49. Outfront Media has a twelve month low of $7.07 and a twelve month high of $31.20. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 3.79.

Outfront Media (NYSE:OUT) last issued its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.17). The firm had revenue of $385.30 million during the quarter, compared to analyst estimates of $377.40 million. Outfront Media had a return on equity of 12.61% and a net margin of 7.80%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.04 EPS. As a group, sell-side analysts predict that Outfront Media will post 0.69 earnings per share for the current year.

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 ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.

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Analyst Recommendations for Outfront Media (NYSE:OUT)

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