Analysts Say That Outfront Media Inc. (NYSE:OUT) Is Likely To Make It To $35.00 In 12 Months – Marketing Sentinel
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Analysts Say That Outfront Media Inc. (NYSE:OUT) Is Likely To Make It To $35.00 In 12 Months

In last trading session, Outfront Media Inc. (NYSE:OUT) saw 0.63 million shares changing hands with its beta currently measuring 1.80. Company’s recent per share price level of $25.47 trading at -$0.19 or -0.74% at ring of the bell on the day assigns it a market valuation of $3.68B. That closing price of OUT’s stock is at a discount of -13.82% from its 52-week high price of $28.99 and is indicating a premium of 33.29% from its 52-week low price of $16.99. Taking a look at company’s average trading volume of 1.01 million if we extend that period to 3-months.

For Outfront Media Inc. (OUT), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.24 in the current quarter.

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Outfront Media Inc. (NYSE:OUT) trade information

Upright in the red during last session for losing -0.74%, in the last five days OUT remained trading in the red while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $25.47 price level, adding 3.05% to its value on the day. Outfront Media Inc.’s shares saw a change of -5.03% in year-to-date performance and have moved -2.86% in past 5-day. Outfront Media Inc. (NYSE:OUT) showed a performance of 4.81% in past 30-days.

Wall Street analysts have assigned a consensus price target of $31.33 to the stock, which implies a rise of 18.7% to its current value. Analysts have been projecting $29.00 as a low price target for the stock while placing it at a high target of $35.00. It follows that stock’s current price would drop -37.42% in reaching the projected high whereas dropping to the targeted low would mean a loss of -13.86% for stock’s current value.

Outfront Media Inc. (OUT) estimates and forecasts

Statistics highlight that Outfront Media Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 17.92% of value to its shares in past 6 months, showing an annual growth rate of 77.61% while that of industry is 3.50. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 1,300.00% in the current quarter and calculating 67.30% increase in the next quarter. This year revenue growth is estimated to rise 16.80% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $444.7 million for the same. And 2 analysts are in estimates of company making revenue of $316.25 million in the next quarter that will end on Mar 2022. Company posted $335.8 million and $259.2 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 32.40% while estimating it to be 22.00% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -21.20% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -158.10% while estimates for its earnings growth in next 5 years are of 10.00%.

OUT Dividends

Outfront Media Inc. is more likely to be releasing its next quarterly report between February 23 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Outfront Media Inc. (NYSE:OUT)’s Major holders

Insiders are in possession of 0.73% of company’s total shares while institution are holding 102.80 percent of that, with stock having share float percentage of 103.56%. Investors also watch the number of corporate investors in a company very closely, which is 102.80% institutions for Outfront Media Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at OUT for having 21.57 million shares of worth $543.58 million. And as of Sep 29, 2021, it was holding 14.81% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 18.4 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 12.64% of outstanding shares, having a total worth of $463.73 million.

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On the other hand, Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 6.85 million shares of worth $170.52 million or 4.70% of the total outstanding shares. The later fund manager was in possession of 4.14 million shares on Sep 29, 2021, making its stake of worth around $104.31 million in the company or a holder of 2.84% of company’s stock.

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