OUTFRONT Media (NYSE:OUT) Reaches New 1-Year High – Here’s Why

OUTFRONT Media Inc. (NYSE:OUT)’s share price reached a new 52-week high on Monday . The stock traded as high as $19.48 and last traded at $19.17, with a volume of 444394 shares traded. The stock had previously closed at $19.13.

Wall Street Analysts Forecast Growth

OUT has been the topic of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Wells Fargo & Company started coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price target for the company. Finally, StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, OUTFRONT Media has a consensus rating of “Hold” and an average target price of $19.25.

OUTFRONT Media Trading Up 0.5 %

The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s 50-day moving average is $18.34 and its two-hundred day moving average is $16.26. The stock has a market cap of $3.19 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 1.23 and a beta of 1.94.

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

OUTFRONT Media Cuts Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s dividend payout ratio is currently 87.59%.

Institutional Investors Weigh In On OUTFRONT Media

Several hedge funds and other institutional investors have recently made changes to their positions in OUT. Dark Forest Capital Management LP grew its holdings in shares of OUTFRONT Media by 3.0% in the second quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 738 shares during the last quarter. Quest Partners LLC grew its holdings in OUTFRONT Media by 30.0% during the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 994 shares in the last quarter. CWM LLC grew its holdings in OUTFRONT Media by 18.5% during the 3rd quarter. CWM LLC now owns 7,683 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 1,199 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in OUTFRONT Media by 5.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in OUTFRONT Media by 0.6% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 206,715 shares of the financial services provider’s stock worth $3,799,000 after acquiring an additional 1,235 shares in the last quarter.

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.