Morgan Stanley Keeps Their Hold Rating on Outfront Media (OUT)

By Austin Angelo

In a report released today, Benjamin Swinburne from Morgan Stanley maintained a Hold rating on Outfront Media (OUTResearch Report), with a price target of $24. The company’s shares closed yesterday at $20.98.

According to TipRanks.com, Swinburne is a 5-star analyst with an average return of 11.2% and a 58.7% success rate. Swinburne covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Madison Square Garden Co, and Cinemark Holdings Inc.

Outfront Media has an analyst consensus of Moderate Buy, with a price target consensus of $23.67.

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Outfront Media’s market cap is currently $2.93B and has a P/E ratio of 35.17. The company has a Price to Book ratio of 2.71.

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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.