Outfront Media Inc. [NYSE: OUT] jumped around 1.18 points on Tuesday, while shares priced at $18.46 at the close of the session, up 6.83%. The company report on September 2, 2022 that CoStar Group, Invitation Homes Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600.
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S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 19 to coincide with the quarterly rebalance:.
Advanced Micro Devices Inc. (NASD:AMD) will replace DuPont de Nemours Inc. (NYSE:DD) in the S&P 100. Dupont de Neumors is no longer representative of the mega-capitalization market space. It will remain in the S&P 500.
Outfront Media Inc. stock is now -31.17% down from its year-to-date (YTD) trading value. OUT Stock saw the intraday high of $19.49 and lowest of $18.10 per share. The company’s 52-week high price is 29.36, which means current price is +14.87% above from all time high which was touched on 03/29/22.
Compared to the average trading volume of 1.63M shares, OUT reached a trading volume of 8827318 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Outfront Media Inc. [OUT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OUT shares is $28.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OUT stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Outfront Media Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 29, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price from $17 to $18. The new note on the price target was released on September 25, 2020, representing the official price target for Outfront Media Inc. stock. Previously, the target price had yet another raise to $13, while Morgan Stanley analysts kept a Equal-Weight rating on OUT stock. On March 20, 2020, analysts decreased their price target for OUT shares from 35 to 24.
The Average True Range (ATR) for Outfront Media Inc. is set at 0.79, with the Price to Sales ratio for OUT stock in the period of the last 12 months amounting to 1.80. The Price to Book ratio for the last quarter was 2.49, with the Price to Cash per share for the same quarter was set at 0.71.
How has OUT stock performed recently?
Outfront Media Inc. [OUT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.11. With this latest performance, OUT shares gained by 3.65% in over the last four-week period, additionally sinking by -26.83% over the last 6 months – not to mention a drop of -24.62% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OUT stock in for the last two-week period is set at 50.05, with the RSI for the last a single of trading hit 50.74, and the three-weeks RSI is set at 49.64 for Outfront Media Inc. [OUT]. The present Moving Average for the last 50 days of trading for this stock 18.03, while it was recorded at 17.78 for the last single week of trading, and 22.98 for the last 200 days.
Outfront Media Inc. [OUT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Outfront Media Inc. [OUT] shares currently have an operating margin of +11.36 and a Gross Margin at +36.70. Outfront Media Inc.’s Net Margin is presently recorded at +2.43.
Return on Equity for this stock inclined to 2.60, with Return on Assets sitting at 0.60.
Outfront Media Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
Earnings analysis for Outfront Media Inc. [OUT]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OUT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Outfront Media Inc. go to 10.00%.
Insider trade positions for Outfront Media Inc. [OUT]
There are presently around $3,148 million, in the hands of institutional investors. The top three institutional holders of OUT stocks are: BLACKROCK INC. with ownership of 22,434,552, which is approximately 12.556% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 22,257,224 shares of the stock with an approximate value of $410.87 million in OUT stocks shares; and PROVIDENCE EQUITY PARTNERS L.L.C., currently with $320.98 million in OUT stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Outfront Media Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 116 institutional holders increased their position in Outfront Media Inc. [NYSE:OUT] by around 22,148,810 shares. Additionally, 121 investors decreased positions by around 18,034,185 shares, while 30 investors held positions by with 130,324,889 shares. The mentioned changes placed institutional holdings at 170,507,884 shares, according to the latest SEC report filing. OUT stock had 26 new institutional investments in for a total of 2,810,506 shares, while 40 institutional investors sold positions of 6,530,876 shares during the same period.