OUTFRONT Media (NYSE:OUT) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of OUTFRONT Media (NYSE:OUT) in a research report sent to investors on Thursday, MarketBeat Ratings reports. The firm issued an overweight rating and a $22.00 price target on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Barrington Research boosted their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an outperform rating in a research report on Tuesday, August 13th. StockNews.com upgraded OUTFRONT Media from a hold rating to a buy rating in a report on Friday, August 30th. TD Cowen assumed coverage on OUTFRONT Media in a report on Tuesday, July 16th. They set a hold rating and a $16.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company a neutral rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $17.20.

OUTFRONT Media Trading Up 1.0 %

OUT stock opened at $18.25 on Thursday. The firm has a fifty day moving average price of $16.14 and a 200 day moving average price of $15.46. OUTFRONT Media has a fifty-two week low of $8.18 and a fifty-two week high of $18.65. The firm has a market cap of $3.03 billion, a PE ratio of -6.86, a price-to-earnings-growth ratio of 1.10 and a beta of 1.94. 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 posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.60. The business had revenue of $477.30 million during the quarter, compared to analyst estimates of $482.27 million. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. Sell-side analysts anticipate that OUTFRONT Media will post 1.53 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 6th. This represents a $1.20 annualized dividend and a dividend yield of 6.58%. OUTFRONT Media’s dividend payout ratio is presently -45.11%.

Hedge Funds Weigh In On OUTFRONT Media

Institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC acquired a new position in shares of OUTFRONT Media in the 4th quarter worth approximately $300,000. Dimensional Fund Advisors LP lifted its stake in OUTFRONT Media by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,067,826 shares of the financial services provider’s stock worth $28,869,000 after purchasing an additional 44,534 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of OUTFRONT Media during the fourth quarter worth $180,000. Quadrant Capital Group LLC grew its stake in shares of OUTFRONT Media by 211.5% in the fourth quarter. Quadrant Capital Group LLC now owns 10,658 shares of the financial services provider’s stock valued at $149,000 after buying an additional 7,236 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of OUTFRONT Media in the 4th quarter valued at $13,779,000.

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.