Outfront Media (OUT) Lifted to “Sell” at ValuEngine

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ValuEngine upgraded shares of Outfront Media (NYSE:OUT) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Outfront Media from a hold rating to a sell rating in a research note on Tuesday, July 17th. Citigroup decreased their price target on shares of Outfront Media from $23.00 to $22.00 and set a buy rating for the company in a research note on Friday, August 17th. Wells Fargo & Co reiterated a market perform rating and issued a $27.00 price target (up from $25.00) on shares of Outfront Media in a research note on Thursday, August 9th. Finally, Imperial Capital started coverage on shares of Outfront Media in a research note on Thursday, September 13th. They issued an inline rating and a $22.00 price target for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $23.60.

Shares of Outfront Media stock opened at $20.79 on Tuesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.08 and a quick ratio of 1.28. The stock has a market capitalization of $2.99 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. Outfront Media has a 1 year low of $17.27 and a 1 year high of $24.75.

Outfront Media (NYSE:OUT) last issued its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The company had revenue of $414.20 million during the quarter, compared to analyst estimates of $404.37 million. Outfront Media had a net margin of 5.54% and a return on equity of 7.42%. Outfront Media’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. Equities research analysts expect that Outfront Media will post 2.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 7th will be paid a $0.36 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 6.93%. Outfront Media’s payout ratio is 72.00%.

Several institutional investors have recently modified their holdings of the stock. Cove Street Capital LLC bought a new stake in Outfront Media during the 2nd quarter valued at about $134,000. Gabelli Funds LLC bought a new stake in Outfront Media during the 3rd quarter valued at about $200,000. Cubist Systematic Strategies LLC increased its stake in Outfront Media by 70.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 4,467 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Outfront Media during the 2nd quarter valued at about $279,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Outfront Media during the 3rd quarter valued at about $287,000. Institutional investors own 97.99% of the company’s stock.

About Outfront Media

OUTFRONT Media connects 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 ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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