Outerwall (OUTR) : 3 brokerage houses believe that Outerwall (OUTR) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Outerwall (OUTR). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.
Outerwall (OUTR) : 5 Wall Street analysts covering Outerwall (OUTR) believe that the average level the stock could reach for the short term is $46.8. The maximum price target given is $58 and the minimum target for short term is around $38, hence the standard deviation is calculated at $8.17.
Outerwall (NASDAQ:OUTR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.37 and $42.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.08, notching a gain of 1.48% for the day. The total traded volume was 379,891 . The stock had closed at $42.45 on the previous day.
The company shares have dropped -46.46% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $85.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $41.21 and the 200 Day Moving Average price is recorded at $36.94.
Outerwall Inc. is a provider of automated retail solutions. The Companys business segments include The Redbox, Coinstar and New Ventures. The Redbox segment is focused on the entertainment consumer sector, where consumers can rent or purchase movies and video games from self-service kiosks. The Coinstar business segment is focused on the money consumer sector and provides self-service kiosks where consumers can convert their coins to cash and convert coins and paper bills to stored value products. Its New Ventures segment identifies, evaluates, builds and develops self-service concepts in the automated retail space.