Outerwall Upgraded by Zacks to “Outperform” (OUTR)
Outerwall (NASDAQ:OUTR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Monday, AmericanBankingNews.com reports. The firm currently has a $69.60 target price on the stock. Zacks‘ target price indicates a potential upside of 5.60% from the stock’s previous close.
A number of other firms have also recently commented on OUTR. Analysts at Northland Securities reiterated a “positive” rating on shares of Outerwall in a research note to investors on Wednesday, December 11th. Separately, analysts at B. Riley raised their price target on shares of Outerwall from $95.00 to $103.00 in a research note to investors on Wednesday, December 11th. They now have a “buy” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Outerwall to $82.00 in a research note to investors on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $71.82.
Outerwall (NASDAQ:OUTR) traded up 1.73% on Monday, hitting $67.051. The stock had a trading volume of 210,110 shares. Outerwall has a 1-year low of $46.25 and a 1-year high of $72.09. The stock has a 50-day moving average of $67.06 and a 200-day moving average of $61.61. The company has a market cap of $1.811 billion and a price-to-earnings ratio of 10.97.
Outerwall (NASDAQ:OUTR) last issued its quarterly earnings data 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 last year, the company posted $1.26 earnings per share. Outerwall’s revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that Outerwall will post $5.10 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.
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