OUTFRONT Media Inc. (NYSE:OUT) Given Average Rating of “Buy” by Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received an average recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $24.5714.

Several research firms have recently commented on OUT. Wall Street Zen raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. raised shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $25.00 in a report on Wednesday, November 12th. Zacks Research upgraded shares of OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Wells Fargo & Company restated an “overweight” rating and issued a $27.00 price objective (up from $23.00) on shares of OUTFRONT Media in a research report on Thursday, December 18th. Finally, New Street Research set a $24.00 price objective on OUTFRONT Media in a research note on Tuesday, November 11th.

Insider Activity

In related news, Director Manuel A. Diaz sold 11,271 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total transaction of $276,026.79. Following the completion of the transaction, the director directly owned 47,515 shares of the company’s stock, valued at approximately $1,163,642.35. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OUTFRONT Media

Several large investors have recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in OUTFRONT Media during the third quarter valued at approximately $29,000. Private Trust Co. NA purchased a new position in shares of OUTFRONT Media in the third quarter valued at $33,000. Farther Finance Advisors LLC increased its position in OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,431 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in OUTFRONT Media in the fourth quarter worth $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.

OUTFRONT Media Trading Down 0.3%

NYSE:OUT opened at $25.04 on Tuesday. OUTFRONT Media has a one year low of $12.95 and a one year high of $27.04. The business has a fifty day moving average price of $24.59 and a 200-day moving average price of $21.09. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 1.25 and a beta of 1.56. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.79 and a quick ratio of 0.79.

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.