Outerwall Inc (NASDAQ:OUTR) Has Just Had Its Price Objective Decreased by Investment Analysts at JP Morgan to $48.00


Analysis: Outerwall Inc (NASDAQ:OUTR) Stock Target Has Just Been Increased Today

In analysts report sent to investors and clients by JP Morgan on Tuesday, 8 December, the firm, Outerwall Inc (NASDAQ:OUTR), had their price target downgraded to $48.00. Analusts right now have a solid Underweight rating on the stock.

From a total of 7 analysts covering Outerwall (NASDAQ:OUTR) stock, 4 rate it a ”Buy”, 2 a “Sell”, and 3 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $65 while the lowest target price is $48. The mean of all analyst targets is $58.07 with a 54.25% above today’s ($44.04) stock price. Outerwall was the topic of 9 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. B. Riley & Co upgraded shares on December 8 to “Buy” rating. Zacks upgraded shares to “Hold” rating and $72 target share price in a report from an August 12. Roth Capital maintained OUTR stock in a recent report from December 8 with “Buy” rating. Finally, Northland Capital maintained the stock with “Outperform” rating in a report issued on a September 29.

The stock decreased 24.15% or $14.02 during the last trading session, striking $44.04. Approximately shares of stock traded hands. Outerwall Inc (NASDAQ:OUTR) has declined 33.45% since May 6, 2015 and is downtrending. It has underperformed by 32.66% the S&P500.

The overall sentiment of institutions has increased to 0.92 in Q2 2015. Its up 0.03, from 0.89 in 2015Q2. The ratio improved, as 58 institutions have sold all the shares of Outerwall Inc that they owned while 71 funds have taken shares off the table. 18 funds have purchased shares for the first time while 101 added to their positions. These institutions now hold 19.84 million shares or 8.96% less than the 21.80 million shares they owned in 2015Q2.

The Fund Stonerise Capital Management Llc currently is holding shares equating to 10.45% of its total portfolio in Outerwall Inc representing a total of 415,000 shares. Another fund,Arlington Value Capital Llc, is holding a total of 1.15 million shares equating to 8.77% of their holdings. Additionally, Fine Capital Partners L.P. has a 1.10 million share stake in Outerwall Inc which represents 6.15% of their total portfolio. The Fund, Park West Asset Management Llc, based out of California, has also built up a stake in the stock, which represents a total of 4.96% of their total portfolio. Finally Kestrel Investment Management Corp, a fund which is based in the state of California reported a total holdings of 155,950 shares.

Outerwall Inc. is a provider of automated retail solutions. The company has a market cap of $1000.00 million. The Company’s business divisions include The Redbox, Coinstar and New Ventures. It has 10.54 P/E ratio. The Redbox segment is focused on the entertainment consumer sector, where clients can rent or purchase movies and video games from self-service kiosks.

According to Zacks Investment Research, “Outerwall Inc. offers automated retail solutions. Its offerings consist of Redbox (R) entertainment, where consumers can rent or purchase movies and video games from self-service kiosks, Coinstar(R) money services where consumers can convert their coin to cash or stored value products at self-service coin counting kiosks and ecoATM (R) electronics recycling, where consumers can recycle electronic devices for cash at self-service kiosks. Outerwall’s kiosks are located in grocery stores, drug stores, mass merchants, malls, and other retail locations. The company operates primarily in the United States, Canada, Puerto Rico, the United Kingdom and Ireland. Outerwall Inc., formerly known as Coinstar, Inc., is based in Bellevue, WA, United States.” Get a free copy of the Zacks research report on Outerwall Inc (OUTR).