Outfront Media (OUT) Getting Somewhat Favorable Media Coverage, Study Finds

Press coverage about Outfront Media (NYSE:OUT) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Outfront Media earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.9298806335112 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

NYSE:OUT opened at $20.00 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.34 and a beta of 1.09. Outfront Media has a 1-year low of $17.75 and a 1-year high of $25.30.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be issued a $0.36 dividend. The ex-dividend date is Thursday, September 6th. This represents a $1.44 annualized dividend and a yield of 7.20%. Outfront Media’s payout ratio is 72.00%.

Several equities analysts have weighed in on OUT shares. Citigroup decreased their target price on shares of Outfront Media from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Morgan Stanley decreased their target price on shares of Outfront Media from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, June 22nd. Zacks Investment Research upgraded shares of Outfront Media from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Wells Fargo & Co reiterated a “market perform” rating and issued a $27.00 target price (up from $25.00) on shares of Outfront Media in a report on Thursday, August 9th. Finally, ValuEngine upgraded shares of Outfront Media from a “strong sell” rating to a “sell” rating in a report on Saturday, July 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Outfront Media currently has an average rating of “Hold” and an average target price of $24.80.

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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