Barrington analyst James Goss maintained a Buy rating on Outfront Media (OUT) today and set a price target of $29. The company’s shares closed yesterday at $26.05, close to its 52-week high of $27.53.
Goss wrote:
“We have been using a $29 price target. Recent excellent price action has moved the price of OUT close to this level, so we will review this target as we evaluate our modeling changes. Management guidance included high-single-digit AFFO gain for the full year. Yield is currently 5.5% on the annual dividend of $1.44 per share. Company Description OUTFRONT Media, Inc. engages in the business of providing leasing services of advertising space on out-of-home advertising structures and sites across the Latin America. It operates through the following segments: U. S. Sports Marketing. The company was founded on and is headquartered in New York, NY.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 9.0% and a 55.8% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and iPic Entertainment Inc.
Outfront Media has an analyst consensus of Moderate Buy, with a price target consensus of $28.20.
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Outfront Media’s market cap is currently $3.69B and has a P/E ratio of 35.74. The company has a Price to Book ratio of 3.51.
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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.
