Barrington Research Raises OUTFRONT Media (NYSE:OUT) Price Target to $33.00

OUTFRONT Media (NYSE:OUT) had its price target increased by investment analysts at Barrington Research from $27.00 to $33.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Barrington Research’s price objective points to a potential upside of 14.64% from the stock’s current price.

Several other research analysts have also recently weighed in on OUT. Wall Street Zen raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Morgan Stanley raised OUTFRONT Media from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $20.00 to $28.00 in a research report on Tuesday, December 16th. TD Cowen increased their target price on OUTFRONT Media from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Research raised OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Citigroup reaffirmed a “buy” rating and issued a $23.00 price objective (up from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, OUTFRONT Media has a consensus rating of “Buy” and a consensus price target of $27.86.

OUTFRONT Media Stock Up 0.9%

OUTFRONT Media stock opened at $28.79 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.63. OUTFRONT Media has a 1-year low of $12.95 and a 1-year high of $29.27. The company has a fifty day simple moving average of $25.07 and a 200 day simple moving average of $21.65. The company has a market cap of $4.81 billion, a P/E ratio of 35.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.56.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.16). The company had revenue of $513.30 million for the quarter, compared to analyst estimates of $511.61 million. OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%. Research analysts anticipate that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total value of $276,026.79. Following the completion of the transaction, the director directly owned 47,515 shares in the company, valued at approximately $1,163,642.35. The trade was a 19.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Institutional Trading of OUTFRONT Media

Large investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of OUTFRONT Media by 9.3% in the 1st quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 11,073 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of OUTFRONT Media by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock worth $1,388,000 after buying an additional 1,739 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of OUTFRONT Media by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after buying an additional 448,993 shares during the last quarter. Empowered Funds LLC boosted its stake in OUTFRONT Media by 12.4% in the first quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock valued at $345,000 after buying an additional 2,357 shares in the last quarter. Finally, Woodline Partners LP grew its position in OUTFRONT Media by 45.6% in the first quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock valued at $595,000 after acquiring an additional 11,559 shares during the last quarter.

OUTFRONT Media Company Profile

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.