Outerwall Given New $75.00 Price Target at Northland Capital Partners (OUTR)
Posted by Ethan Ryder on Oct 29th, 2013 // No Comments
Outerwall (NASDAQ:OUTR) had its price objective raised by Northland Capital Partners from $62.00 to $75.00 in a research report released on Friday morning, American Banking News reports. Northland Capital Partners currently has an outperform rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Compass Point reiterated a neutral rating on shares of Outerwall in a research note to investors on Tuesday, October 22nd. They now have a $60.00 price target on the stock, up previously from $50.00. Separately, analysts at Zacks downgraded shares of Outerwall from an outperform rating to a neutral rating in a research note to investors on Thursday, September 19th. They now have a $59.40 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Outerwall from $50.50 to $49.00 in a research note to investors on Tuesday, September 17th. They now have an underweight rating on the stock. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $64.57.
Shares of Outerwall (NASDAQ:OUTR) traded up 2.46% during mid-day trading on Friday, hitting $66.54. The stock had a trading volume of 1,035,535 shares. Outerwall has a 1-year low of $40.50 and a 1-year high of $65.60. The stock has a 50-day moving average of $60.06 and a 200-day moving average of $57.85. The company has a market cap of $1.843 billion and a P/E ratio of 10.81.
Outerwall (NASDAQ:OUTR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The company had revenue of $587.40 million for the quarter, compared to the consensus estimate of $577.32 million. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Outerwall will post $4.90 earnings per share for the current fiscal year.
Outerwall Inc, formerly Coinstar, Inc, is a provider of automated retail solutions, which offers convenient products and services.
