The stock of OUTFRONT Media Inc. (NYSE:OUT) last traded at $15.85, up 0.83% from the previous session.
Data from the available sources indicates that OUTFRONT Media Inc. (NYSE:OUT) is covered by 6 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $19.00, we find $22.50. Given the previous closing price of $15.72, this indicates a potential upside of 43.13 percent. OUT stock price is now 4.91% away from the 50-day moving average and -5.35% away from the 200-day moving average. The market capitalization of the company currently stands at $2.56B.
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In total, 1 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $24.67 as their price target over the next twelve months.
With the price target of $34, Wolfe Research recently initiated with Outperform rating for OUTFRONT Media Inc. (NYSE: OUT).
Insiders disposed of 349,806 shares of company stock worth roughly $5.54 million over the past 1 year. A total of 0.95% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OUT stock. A new stake in OUTFRONT Media Inc. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $28,170,000. RUBRIC CAPITAL MANAGEMENT LP invested $21,165,000 in shares of OUT during the first quarter. In the first quarter, SPX GESTAO DE RECURSOS LTDA acquired a new stake in OUTFRONT Media Inc. valued at approximately $6,242,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in OUT for approximately $5,330,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in OUT valued at around $4,987,000 in the second quarter. In total, there are 320 active investors with 107.06% ownership of the company’s stock.
With an opening price of $15.71 on Monday morning, OUTFRONT Media Inc. (NYSE: OUT) set off the trading day. During the past 12 months, OUTFRONT Media Inc. has had a low of $13.82 and a high of $21.65. As of last week, the company has a debt-to-equity ratio of 2.40, a current ratio of 0.60, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $7.07B, which is based on a 23.69 price-to-earnings ratio, a 2.37 price-to-earnings-growth ratio, and a beta of 1.74. The fifty day moving average price for OUT is $15.10 and a two-hundred day moving average price translates $16.73 for the stock.
The latest earnings results from OUTFRONT Media Inc. (NYSE: OUT) was released for Mar, 2023. According to the REIT – Specialty Company, earnings per share came in at -$0.19, missing analysts’ expectations of -$0.12 by -0.07. This compares to $0.00 EPS in the same period last year. The net profit margin was 6.10% and return on equity was 9.20% for OUT. The company reported revenue of $395.8 million for the quarter, compared to $373.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.97 percent. For the current quarter, analysts expect OUT to generate $472.7M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/02/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 7.57% percent yield. There was an ex-dividend date of 06/01/2023 for this dividend. In terms of dividend payout ratio, OUT is presently at 44.60%.
OUTFRONT Media Inc.(OUT) Company Profile
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.
