Oppenheimer analyst Ian Zaffino maintained a Buy rating on Outfront Media (OUT) today and set a price target of $20.00. The company’s shares closed last Tuesday at $16.58.
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 1.0% and a 51.3% success rate. Zaffino covers the Services sector, focusing on stocks such as Madison Square Garden Entertainment, Servicemaster Global Holdings, and Madison Square Garden Sports.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Outfront Media with a $17.50 average price target, which is a 10.5% upside from current levels. In a report issued on August 6, Barrington also reiterated a Buy rating on the stock with a $17.00 price target.
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Outfront Media’s market cap is currently $2.22B and has a P/E ratio of 85.10. The company has a Price to Book ratio of -1.33.
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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. The company was founded on June 20, 2013 and is headquartered in New York, NY.
