Latest Stocks: Outfront Media Inc (OUT) Stock Rating Lowered by TheStreet

Latest Stocks: Outfront Media Inc (OUT) Stock Rating Lowered by TheStreet

Outfront Media Inc (NYSE:OUT) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a report released on Friday, May 12th.

OUT has been the topic of a number of other reports. Zacks Investment Research raised Outfront Media from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, February 6th. Goldman Sachs Group Inc cut shares of Outfront Media from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Tuesday, January 17th. JPMorgan Chase & Co. cut shares of Outfront Media from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $26.00 to $28.00 in a research note on Thursday, February 23rd. Finally, Wedbush lifted their target price on shares of Outfront Media from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.14.

Outfront Media (OUT) opened at 22.91 on Friday. Outfront Media has a 52 week low of $20.72 and a 52 week high of $27.89. The stock’s 50 day moving average price is $24.21 and its 200 day moving average price is $25.53. The firm has a market capitalization of $3.18 billion, a P/E ratio of 33.06 and a beta of 1.28.

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Outfront Media by 5.3% in the first quarter. JPMorgan Chase & Co. now owns 13,256,628 shares of the financial services provider’s stock worth $351,964,000 after buying an additional 669,391 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Outfront Media by 8.3% in the first quarter. Vanguard Group Inc. now owns 11,150,528 shares of the financial services provider’s stock valued at $296,046,000 after buying an additional 855,888 shares during the period. BlackRock Inc. boosted its stake in shares of Outfront Media by 6,693.0% in the first quarter. BlackRock Inc. now owns 7,335,438 shares of the financial services provider’s stock valued at $194,756,000 after buying an additional 7,227,453 shares during the period. Janus Capital Management LLC boosted its stake in shares of Outfront Media by 20.7% in the fourth quarter. Janus Capital Management LLC now owns 5,461,930 shares of the financial services provider’s stock valued at $135,838,000 after buying an additional 937,140 shares during the period. Finally, Route One Investment Company L.P. boosted its stake in shares of Outfront Media by 12.2% in the fourth quarter. Route One Investment Company L.P. now owns 5,174,370 shares of the financial services provider’s stock valued at $128,687,000 after buying an additional 564,319 shares during the period. Outfront Media Company Profile

Related posts

Leave a Comment