Outfront Media Inc (OUT) is Initiated by Wedbush to Neutral, Price Target at $26

Outfront Media Inc (OUT) was Initiated by Wedbush to “Neutral” and the brokerage firm has set the Price Target at $26. Wedbush advised their investors in a research report released on Jul 22, 2016.

On the company’s financial health, Outfront Media Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.31. The company had revenue of $348.40 million for the quarter, compared to analysts expectations of $344.94 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Outfront Media Inc opened for trading at $24.01 and hit $24.19 on the upside on Wednesday, eventually ending the session at $24.12, with a gain of 0.50% or 0.12 points. The heightened volatility saw the trading volume jump to 5,43,628 shares. Company has a market cap of $3,326 M.

In a different news, on May 26, 2016, Peter Mathes (director) sold 1,000 shares at $21.92 per share price. According to the SEC, on Mar 6, 2015, Nicolas Brien (director) purchased 3,320 shares at $30.11 per share price.

OUTFRONT Media Inc. formerly CBS Outdoor Americas Inc. is a provider of advertising space on out-of-home advertising structures and sites. The Company operates in over 180 markets in the United States Canada and Latin America. In addition to leasing displays the Company also provides other services to its customers such as pre-campaign category research creative design support and post-campaign tracking and analytics. It manages its business through two segments United States and International. The United States segment includes the Company’s business in 25 markets in the United States. The Company’s portfolio includes sites such as the Bay Bridge in San Francisco various locations along Sunset Boulevard in Los Angeles and various sites in and around both Grand Central Station and Times Square in New York. The Company’s International segment includes its operations in Canada and Latin America including Mexico Argentina Brazil Chile and Uruguay.

Outfront Media Inc

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Outfront Media Inc - Is it time to Sell?

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