Barrington analyst James Goss maintained a Buy rating on Outfront Media (NYSE: OUT) today and set a price target of $26. The company’s shares opened today at $18.91, close to its 52-week low of $17.75.
Goss wrote:
“We continue to like this story as a well-positioned major competitor in an industry sector that is undergoing transformation that should increase its overall importance and attractiveness. Aside from the overall impact of digital, OUTFRONT has also won important transit contracts in and now San Francisco. Importantly, OUT provides an annual dividend rate of $1.44, creating a current yield of 7.6%, providing excellent total return and some cushion from any earnings variability.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.5% and a 68.7% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, iPic Entertainment Inc, and Sirius XM Holdings Inc.
Outfront Media has an analyst consensus of Moderate Buy, with a price target consensus of $26.
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The company has a one-year high of $25.30 and a one-year low of $17.75. Currently, Outfront Media has an average volume of 1.06M.
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OUTFRONT Media, Inc. engages in the business of providing leasing services of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America. It operates through the following segments: U. S. Billboard and Transit; International; and Sports Marketing.
