Zayo Group Holdings Inc (NYSE:ZAYO) Receives $33.03 Consensus Target Price from Analysts

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Shares of Zayo Group Holdings Inc (NYSE:ZAYO) have received an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $33.03.

Separately, ValuEngine lowered Zayo Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th.

ZAYO stock opened at $34.30 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.56. The firm has a market capitalization of $8.12 billion, a PE ratio of 55.32, a PEG ratio of 12.96 and a beta of 0.76. Zayo Group has a 1-year low of $20.27 and a 1-year high of $34.35. The business’s 50 day simple moving average is $34.15 and its 200 day simple moving average is $33.48.

Zayo Group (NYSE:ZAYO) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). The business had revenue of $638.60 million for the quarter, compared to analyst estimates of $644.17 million. Zayo Group had a return on equity of 11.34% and a net margin of 5.66%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. As a group, sell-side analysts predict that Zayo Group will post 0.72 EPS for the current fiscal year.

In other news, CEO Daniel Caruso sold 1,000,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $33.78, for a total transaction of $33,780,000.00. Following the completion of the sale, the chief executive officer now directly owns 372,406 shares in the company, valued at approximately $12,579,874.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard W. Connor sold 20,000 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $34.31, for a total value of $686,200.00. Following the sale, the director now owns 101,696 shares of the company’s stock, valued at $3,489,189.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,089,803 shares of company stock valued at $36,831,348. Corporate insiders own 2.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its position in Zayo Group by 8,400.0% in the second quarter. Captrust Financial Advisors now owns 1,700 shares of the technology company’s stock valued at $56,000 after purchasing an additional 1,680 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Zayo Group by 1,100.5% in the second quarter. Rockefeller Capital Management L.P. now owns 2,365 shares of the technology company’s stock valued at $78,000 after purchasing an additional 2,168 shares during the last quarter. Capital Bank & Trust Co bought a new position in Zayo Group in the second quarter valued at about $93,000. Point72 Hong Kong Ltd raised its position in Zayo Group by 28.0% in the second quarter. Point72 Hong Kong Ltd now owns 2,876 shares of the technology company’s stock valued at $95,000 after purchasing an additional 630 shares during the last quarter. Finally, Advisor Group Inc. raised its position in Zayo Group by 22.0% in the second quarter. Advisor Group Inc. now owns 3,553 shares of the technology company’s stock valued at $117,000 after purchasing an additional 641 shares during the last quarter. Hedge funds and other institutional investors own 92.25% of the company’s stock.

About Zayo Group

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

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Analyst Recommendations for Zayo Group (NYSE:ZAYO)

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