OUTFRONT Media (NYSE:OUT) Reaches New 1-Year High – Time to Buy?

OUTFRONT Media Inc. (NYSE:OUT)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $29.53 and last traded at $29.4520, with a volume of 992476 shares changing hands. The stock had previously closed at $29.07.

Analysts Set New Price Targets

Several equities analysts have weighed in on OUT shares. TD Cowen lifted their price target on shares of OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Barrington Research boosted their target price on shares of OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company boosted their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, OUTFRONT Media presently has an average rating of “Moderate Buy” and a consensus price target of $27.86.

OUTFRONT Media Price Performance

The firm’s fifty day moving average price is $27.28 and its 200 day moving average price is $23.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.63. The stock has a market cap of $5.29 billion, a PE ratio of 37.58, a P/E/G ratio of 1.42 and a beta of 1.51.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.16). OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%.The company had revenue of $513.30 million during the quarter, compared to analysts’ expectations of $511.61 million. As a group, equities analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. OUTFRONT Media’s dividend payout ratio is presently 150.00%.

Insiders Place Their Bets

In related news, Director Manuel A. Diaz sold 11,271 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $26.93, for a total transaction of $303,528.03. Following the sale, the director owned 36,244 shares of the company’s stock, valued at $976,050.92. This represents a 23.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Matthew Siegel sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the sale, the executive vice president directly owned 289,925 shares in the company, valued at approximately $7,477,165.75. The trade was a 14.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 72,542 shares of company stock worth $1,869,055. 0.47% of the stock is owned by insiders.

Institutional Investors Weigh In On OUTFRONT Media

Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in OUTFRONT Media during the third quarter valued at $29,000. Private Trust Co. NA purchased a new stake in OUTFRONT Media during the third quarter valued at $33,000. Farther Finance Advisors LLC raised its stake in OUTFRONT Media by 157.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in OUTFRONT Media during the fourth quarter valued at $71,000. Finally, IFP Advisors Inc raised its stake in OUTFRONT Media by 16.5% during the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 582 shares in the last quarter.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.