Outfront Media (OUT) Cut to Hold at ValuEngine

Outfront Media (NYSE:OUT) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other analysts have also recently issued reports on OUT. Loop Capital reaffirmed a “buy” rating and set a $28.00 price objective (up previously from $27.00) on shares of Outfront Media in a research note on Thursday, September 28th. Wells Fargo & Co reissued an “outperform” rating and issued a $30.00 price target on shares of Outfront Media in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research cut shares of Outfront Media from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $30.17.

Shares of Outfront Media (NYSE OUT) opened at $23.20 on Friday. Outfront Media has a one year low of $20.82 and a one year high of $27.89. The stock has a market cap of $3,216.36, a PE ratio of 27.62, a P/E/G ratio of 1.83 and a beta of 1.13. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.23 and a current ratio of 1.23.

Outfront Media (NYSE:OUT) last announced its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.20). Outfront Media had a net margin of 7.71% and a return on equity of 9.57%. The business had revenue of $392.40 million for the quarter, compared to analysts’ expectations of $391.18 million. During the same period in the prior year, the company posted $0.63 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. equities analysts expect that Outfront Media will post 1.98 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. AXA grew its stake in shares of Outfront Media by 6.6% in the 3rd quarter. AXA now owns 248,500 shares of the financial services provider’s stock valued at $6,257,000 after buying an additional 15,300 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Outfront Media by 97.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,545,404 shares of the financial services provider’s stock valued at $64,093,000 after buying an additional 1,254,605 shares during the period. California Public Employees Retirement System grew its stake in shares of Outfront Media by 6.2% in the 3rd quarter. California Public Employees Retirement System now owns 517,993 shares of the financial services provider’s stock valued at $13,043,000 after buying an additional 30,293 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Outfront Media in the 3rd quarter valued at approximately $11,572,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Outfront Media in the 3rd quarter valued at approximately $935,000.

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Outfront Media Company Profile

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

Analyst Recommendations for Outfront Media (NYSE:OUT)

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