Zayo Group (ZAYO) PT Raised to $43.00

Zayo Group (NYSE:ZAYO) had its price target hoisted by analysts at Morgan Stanley from $40.00 to $43.00 in a research report issued to clients and investors on Thursday. The firm currently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s target price suggests a potential upside of 16.47% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Barclays increased their price objective on shares of Zayo Group from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of Zayo Group in a research report on Wednesday, October 11th. Citigroup reaffirmed a “buy” rating on shares of Zayo Group in a research report on Thursday, December 14th. BidaskClub lowered shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Zayo Group in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.64.

Zayo Group (NYSE ZAYO) traded up $0.61 during trading hours on Thursday, hitting $36.92. 736,350 shares of the stock were exchanged, compared to its average volume of 1,581,740. Zayo Group has a twelve month low of $29.73 and a twelve month high of $37.95. The company has a market cap of $8,917.53, a PE ratio of 99.78, a P/E/G ratio of 14.67 and a beta of 0.47. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.81.

Zayo Group (NYSE:ZAYO) last released its quarterly earnings results on Monday, November 6th. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Zayo Group had a net margin of 3.99% and a return on equity of 8.01%. equities analysts expect that Zayo Group will post 0.49 earnings per share for the current fiscal year.

In other Zayo Group news, COO Andrew Crouch sold 19,537 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $36.14, for a total transaction of $706,067.18. Following the completion of the transaction, the chief operating officer now directly owns 76,647 shares of the company’s stock, valued at approximately $2,770,022.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel Caruso sold 123,738 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $36.80, for a total transaction of $4,553,558.40. Following the transaction, the chief executive officer now directly owns 4,286,654 shares of the company’s stock, valued at $157,748,867.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,974,932 shares of company stock valued at $178,752,336 over the last three months. 5.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Seven Eight Capital LP purchased a new position in Zayo Group during the 4th quarter worth approximately $105,000. Thompson Davis & CO. Inc. grew its stake in shares of Zayo Group by 2,600.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 3,375 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,250 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Zayo Group during the 4th quarter worth approximately $126,000. SG Americas Securities LLC acquired a new stake in shares of Zayo Group during the 4th quarter worth approximately $141,000. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Zayo Group during the 2nd quarter worth approximately $142,000. 84.71% of the stock is owned by institutional investors.

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Zayo Group Company Profile

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

Analyst Recommendations for Zayo Group (NYSE:ZAYO)

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