OUTFRONT Media (OUT) : Traders are bullish on OUTFRONT Media (OUT) as it has outperformed the S&P 500 by a wide margin of 2.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.26% in the last 1 week, and is up 0.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.08% and the 50-Day Moving Average is 2.03%.The 200 Day SMA reached 3.59% Outfront Media Inc. has dropped 2.59% during the last 3-month period . Year-to-Date the stock performance stands at 5.65%.
OUTFRONT Media (OUT) : 5 Wall Street analysts covering OUTFRONT Media (OUT) believe that the average level the stock could reach for the short term is $26.4. The maximum price target given is $29 and the minimum target for short term is around $24, hence the standard deviation is calculated at $2.07.
For the current week, the company shares have a recommendation consensus of Buy. OUTFRONT Media (NYSE:OUT): The stock opened at $21.77 and touched an intraday high of $22.23 on Friday. During the day, the stock corrected to an intraday low of $21.76, however, the bulls stepped in and pushed the price higher to close in the green at $22.02 with a gain of 0.55% for the day. The total traded volume for the day was 1,269,167. The stock had closed at $22.02 in the previous trading session.
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 Companys business in 25 markets in the United States. The Companys 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 Companys International segment includes its operations in Canada and Latin America, including Mexico, Argentina, Brazil, Chile and Uruguay.