Zayo Group (NYSE:ZAYO) had its price target increased by Deutsche Bank from $30.00 to $31.00 in a report published on Monday. Deutsche Bank currently has a buy rating on the technology company’s stock.
Several other brokerages have also commented on ZAYO. Moffett Nathanson upgraded shares of Zayo Group from a neutral rating to a buy rating in a research note on Monday, October 15th. TheStreet lowered shares of Zayo Group from a b- rating to a c+ rating in a research note on Tuesday, October 23rd. Wells Fargo & Co dropped their price target on shares of Zayo Group from $42.00 to $34.00 and set an outperform rating on the stock in a research note on Thursday, November 8th. BTIG Research lowered shares of Zayo Group from a buy rating to a neutral rating in a research note on Thursday, November 8th. Finally, UBS Group lowered shares of Zayo Group from a buy rating to a neutral rating and dropped their price target for the company from $45.00 to $32.00 in a research note on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $35.32.
Shares of NYSE:ZAYO opened at $25.62 on Monday. Zayo Group has a 52 week low of $20.27 and a 52 week high of $39.66. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 3.23 and a beta of 0.92. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 3.75.
Zayo Group (NYSE:ZAYO) last announced its quarterly earnings results on Thursday, February 7th. The technology company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). Zayo Group had a net margin of 4.62% and a return on equity of 7.82%. The firm had revenue of $639.10 million during the quarter, compared to analyst estimates of $641.73 million. During the same quarter in the previous year, the business posted $0.05 EPS. Zayo Group’s revenue for the quarter was down 2.1% compared to the same quarter last year. Sell-side analysts predict that Zayo Group will post 0.54 EPS for the current year.
In other news, insider Sandra Mays sold 4,454 shares of the stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $24.16, for a total value of $107,608.64. Following the completion of the transaction, the insider now directly owns 41,273 shares in the company, valued at $997,155.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO John F. Jr. Waters sold 5,548 shares of the stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $24.16, for a total transaction of $134,039.68. Following the completion of the transaction, the chief technology officer now owns 87,309 shares of the company’s stock, valued at $2,109,385.44. The disclosure for this sale can be found here. Insiders sold 16,144 shares of company stock valued at $390,039 over the last quarter. Insiders own 4.50% of the company’s stock.
Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in Zayo Group during the fourth quarter worth approximately $29,000. Ffcm LLC boosted its holdings in Zayo Group by 104.3% during the fourth quarter. Ffcm LLC now owns 2,832 shares of the technology company’s stock worth $65,000 after buying an additional 1,446 shares in the last quarter. Virtus Alternative Investment Advisers Inc. bought a new stake in Zayo Group during the third quarter worth approximately $115,000. Steward Partners Investment Advisory LLC bought a new stake in Zayo Group during the third quarter worth approximately $128,000. Finally, American International Group Inc. boosted its holdings in Zayo Group by 14.1% during the fourth quarter. American International Group Inc. now owns 5,484 shares of the technology company’s stock worth $125,000 after buying an additional 676 shares in the last quarter. Hedge funds and other institutional investors own 98.56% 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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