Outfront Media Inc (NYSE:OUT) shares traded -1.20% lower at $12.30 on Wall Street last session.
In accordance with the data, 6 analysts cover Outfront Media Inc (NYSE:OUT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $12.00, we find $16.00. Given the previous closing price of $12.45, this indicates a potential upside of 28.51 percent. OUT stock price is now 19.52% away from the 50-day moving average and -11.50% away from the 200-day moving average. The market capitalization of the company currently stands at $2.03B.
It has been rated a hold by 3 analysts and a buy by 3. Brokers who have rated the stock have averaged $18.80 as their price target over the next twelve months.
In other news, Punter Clive A., EVP and Chief Revenue Officer bought 9,000 shares of the company’s stock on Aug 18. The stock was bought for $100,080 at an average price of $11.12. Upon completion of the transaction, the EVP and Chief Revenue Officer now directly owns 174,647 shares in the company, valued at $2.15 million. Insiders disposed of 348,389 shares of company stock worth roughly $4.29 million over the past 1 year. A total of 19.54% of the company’s stock is owned by insiders.
Outfront Media Inc (NYSE: OUT) opened at $12.68 on Wednesday. During the past 12 months, Outfront Media Inc has had a low of $8.18 and a high of $21.65. The fifty day moving average price for OUT is $10.29 and a two-hundred day moving average price translates $13.90 for the stock.
The latest earnings results from Outfront Media Inc (NYSE: OUT) was released for Sep, 2023. According to the REIT – Specialty Company, earnings per share came in at $0.09, missing analysts’ expectations of $0.13 by -0.04. This compares to $0.25 EPS in the same period last year. The net profit margin was -24.28% and return on equity was -39.30% for OUT. The company reported revenue of $454.8 million for the quarter, compared to $453.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.24 percent. For the current quarter, analysts expect OUT to generate $495.53M in revenue.
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.
