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Tuesday, January 19, 2021

Outfront Media Inc. (REIT) (NYSE:OUT) is Waving the Bull Flag

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Outfront Media Inc. (REIT) (OUT) shares are trading at higher $19.66 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $19.50.

To add more color to this target, the company’s high over the last year is $31.20 and the low is $7.07. Over the last 52 weeks, OUT is down -21.95% while the S&P 500 is up 18.49%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, OUT reported a profit of $126.5 million. Outfront Media Inc. (REIT) also saw revenues increase to $282.3 million. In addition, OUT has free cash flow of $44.0 million as of 09-2020. The company’s EBITDA came in at $72.3 million which compares well with its peers.

OUT booked profit margins of -2.40%, its Return on Equity (ROE) is -3.30%, and its Return on Assets is -0.60%. All told, it is clear that, OUT needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. OUT has a short ratio of 1.94 and outstanding shares of 144.40M.

Company Outlook

OUT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.5 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.23. Outfront Media Inc. (REIT) OUT also noted assets of $5.87 billion at the end of the last quarter. Investors should also keep an eye on sector updates as OUT has historically followed its peers on positive news.

All told, Outfront Media Inc. (REIT) OUT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OUT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Outfront Media Inc. (REIT) OUT is now commanding a market cap of 2.79B and a float of 143.47M. OUT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of OUT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in OUT, either long or short, and we have not been compensated for this article.

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