OUTFRONT Media (NYSE:OUT) Earns “Outperform” Rating from Barrington Research

OUTFRONT Media (NYSE:OUT)‘s stock had its “outperform” rating restated by Barrington Research in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $21.00 price target on the financial services provider’s stock. Barrington Research’s price target points to a potential upside of 4.25% from the stock’s previous close.

OUT has been the subject of a number of other research reports. Wells Fargo & Company reaffirmed an “overweight” rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. Wall Street Zen raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Morgan Stanley lifted their price target on shares of OUTFRONT Media from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

OUTFRONT Media Price Performance

NYSE OUT opened at $20.14 on Friday. The firm’s fifty day simple moving average is $18.19 and its two-hundred day simple moving average is $17.34. The firm has a market capitalization of $3.37 billion, a P/E ratio of 29.62, a P/E/G ratio of 1.18 and a beta of 1.82. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.60. OUTFRONT Media has a 12-month low of $12.95 and a 12-month high of $20.19.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.21). The business had revenue of $467.50 million for the quarter, compared to analysts’ expectations of $458.32 million. OUTFRONT Media had a net margin of 6.86% and a return on equity of 21.17%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 EPS. Analysts forecast that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Mark Emilio Bonanni sold 4,126 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $19.38, for a total transaction of $79,961.88. Following the completion of the sale, the executive vice president directly owned 4,170 shares of the company’s stock, valued at approximately $80,814.60. This trade represents a 49.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $18.06, for a total transaction of $151,704,000.00. Following the completion of the sale, the insider directly owned 8,913,813 shares in the company, valued at $160,983,462.78. This trade represents a 48.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On OUTFRONT Media

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Wealth LLC raised its stake in shares of OUTFRONT Media by 5.8% in the third quarter. NewEdge Wealth LLC now owns 15,062 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 821 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of OUTFRONT Media by 16.8% during the 3rd quarter. Advisors Capital Management LLC now owns 2,197,384 shares of the financial services provider’s stock worth $40,256,000 after buying an additional 316,107 shares during the last quarter. Fifth Third Bancorp lifted its position in OUTFRONT Media by 38.2% in the third quarter. Fifth Third Bancorp now owns 17,467 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 4,829 shares during the last quarter. Assetmark Inc. boosted its position in shares of OUTFRONT Media by 4.0% in the 3rd quarter. Assetmark Inc. now owns 44,642 shares of the financial services provider’s stock valued at $818,000 after purchasing an additional 1,734 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of OUTFRONT Media by 20.0% in the third quarter. Public Sector Pension Investment Board now owns 567,459 shares of the financial services provider’s stock valued at $10,396,000 after acquiring an additional 94,672 shares during the period.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.