Windstream Holdings Inc (WIN) Now Covered by Cowen and Company
Stock analysts at Cowen and Company initiated coverage on shares of Windstream Holdings Inc (NYSE:WIN) in a report released on Thursday. The brokerage set a “market perform” rating and a $9.00 price target on the stock. Cowen and Company’s price objective would suggest a potential upside of 7.66% from the company’s previous close.
WIN has been the subject of several other research reports. Zacks Investment Research raised Windstream Holdings from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, July 12th. Citigroup Inc. reissued a “neutral” rating and issued a $10.00 price target on shares of Windstream Holdings in a research note on Tuesday, July 5th. Jefferies Group increased their price target on Windstream Holdings from $4.00 to $6.00 and gave the stock an “underperform” rating in a research note on Friday, July 15th. Finally, Raymond James Financial Inc. reissued an “underperform” rating on shares of Windstream Holdings in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.00.
Shares of Windstream Holdings (NYSE:WIN) opened at 8.36 on Thursday. The company has a 50-day moving average of $9.21 and a 200 day moving average of $8.81. The firm’s market cap is $804.77 million. Windstream Holdings has a one year low of $4.75 and a one year high of $10.46.
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Windstream Holdings (NYSE:WIN) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.36. The business earned $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the company posted ($1.13) EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities research analysts expect that Windstream Holdings will post $0.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.60 annualized dividend and a yield of 7.18%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its position in shares of Windstream Holdings by 4.0% in the third quarter. Creative Planning now owns 10,269 shares of the company’s stock valued at $103,000 after buying an additional 397 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Windstream Holdings during the second quarter valued at approximately $105,000. Sii Investments Inc. WI bought a new stake in shares of Windstream Holdings during the second quarter valued at approximately $109,000. Teacher Retirement System of Texas increased its stake in shares of Windstream Holdings by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 12,826 shares of the company’s stock valued at $119,000 after buying an additional 504 shares in the last quarter. Finally, Atria Investments LLC bought a new stake in shares of Windstream Holdings during the third quarter valued at approximately $139,000.
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