Zayo Group Holdings Inc (NYSE:ZAYO) Receives Average Recommendation of “Hold” from Brokerages

Zayo Group Holdings Inc (NYSE:ZAYO) has received an average recommendation of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $34.32.

A number of analysts have recently weighed in on the stock. SunTrust Banks increased their price objective on shares of Perrigo to $51.00 and gave the stock a “hold” rating in a research note on Monday, May 20th. Craig Hallum lowered shares of Zayo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Moffett Nathanson lowered shares of Zayo Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Raymond James set a C$31.00 price objective on shares of Russel Metals and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. Finally, UBS Group raised their price target on shares of Zayo Group from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th.

Shares of NYSE ZAYO traded down $0.05 during midday trading on Tuesday, reaching $33.54. 1,087,266 shares of the company’s stock traded hands, compared to its average volume of 1,958,723. The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50 day moving average is $33.00. Zayo Group has a one year low of $20.27 and a one year high of $38.23. The stock has a market cap of $7.90 billion, a P/E ratio of 54.98, a price-to-earnings-growth ratio of 10.22 and a beta of 0.77.

Zayo Group (NYSE:ZAYO) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Zayo Group had a net margin of 5.06% and a return on equity of 9.56%. The firm had revenue of $647.20 million for the quarter, compared to analysts’ expectations of $639.98 million. During the same period in the previous year, the company earned $0.09 EPS. The company’s revenue was down .3% on a year-over-year basis. Equities analysts predict that Zayo Group will post 0.5 EPS for the current fiscal year.

In other Zayo Group news, insider Sandra Mays sold 3,395 shares of Zayo Group stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $33.05, for a total transaction of $112,204.75. Following the transaction, the insider now directly owns 55,764 shares of the company’s stock, valued at $1,843,000.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John F. Jr. Waters sold 15,331 shares of Zayo Group stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $33.05, for a total transaction of $506,689.55. Following the transaction, the chief operating officer now directly owns 119,096 shares in the company, valued at $3,936,122.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,437,607 shares of company stock worth $47,051,887. Insiders own 4.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Prudential Financial Inc. grew its holdings in shares of Zayo Group by 3.8% in the fourth quarter. Prudential Financial Inc. now owns 13,500 shares of the technology company’s stock valued at $308,000 after acquiring an additional 500 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Zayo Group by 27.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,314 shares of the technology company’s stock valued at $282,000 after acquiring an additional 2,678 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Zayo Group by 2.0% in the fourth quarter. Raymond James & Associates now owns 36,059 shares of the technology company’s stock valued at $824,000 after acquiring an additional 692 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Zayo Group by 11.2% in the fourth quarter. Northern Trust Corp now owns 1,281,612 shares of the technology company’s stock valued at $29,272,000 after acquiring an additional 129,122 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Zayo Group by 6.4% in the fourth quarter. CIBC Asset Management Inc now owns 11,280 shares of the technology company’s stock valued at $258,000 after acquiring an additional 677 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

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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