Outfront Media Inc (OUT) was Initiated by Loop Capital to “Hold” and the brokerage firm has set the Price Target at $23. Loop Capital advised their investors in a research report released on Sep 13, 2016.
Many Wall Street Analysts have commented on Outfront Media Inc. Wedbush Initiated Outfront Media Inc on Jul 22, 2016 to “Neutral”, Price Target of the shares are set at $26.Gabelli & Co Initiated Outfront Media Inc on Jul 22, 2016 to “Hold”, Price Target of the shares are set at $29.
On the company’s financial health, Outfront Media Inc reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.56. The company had revenue of $385.30 million for the quarter, compared to analysts expectations of $380.69 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Outfront Media Inc opened for trading at $21.08 and hit $21.61 on the upside on Monday, eventually ending the session at $21.51, with a gain of 1.85% or 0.39 points. The heightened volatility saw the trading volume jump to 709,218 shares. Company has a market cap of $2,967 M.
In a different news, on Sep 6, 2016, Donald R Shassian (CFO) purchased 5,000 shares at $21.90 per share price. According to the SEC, on May 26, 2016, Peter Mathes (director) sold 1,000 shares at $21.92 per share price. On Mar 6, 2015, Nicolas Brien (director) purchased 3,320 shares at $30.11 per share price, according to the Form-4 filing with the securities and exchange commission.
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.