Zayo Group (ZAYO) Lowered to Market Perform at William Blair

William Blair cut shares of Zayo Group (NYSE:ZAYO) from an outperform rating to a market perform rating in a research report released on Thursday, The Fly reports.

A number of other research analysts also recently weighed in on ZAYO. UBS Group increased their target price on shares of Zayo Group from $30.00 to $35.00 and gave the company a neutral rating in a research report on Thursday. Moffett Nathanson downgraded shares of Zayo Group from a buy rating to a neutral rating in a research report on Wednesday, May 8th. Zacks Investment Research downgraded shares of Zayo Group from a buy rating to a hold rating in a research report on Saturday, February 16th. Craig Hallum cut shares of Zayo Group from a buy rating to a hold rating in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada cut shares of Zayo Group from an outperform rating to a sector perform rating and upped their price target for the company from $33.00 to $35.00 in a research note on Wednesday, May 8th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $35.62.

Zayo Group stock opened at $32.83 on Thursday. Zayo Group has a twelve month low of $20.27 and a twelve month high of $39.66. The company has a market cap of $7.73 billion, a PE ratio of 53.82, a P/E/G ratio of 11.62 and a beta of 0.93. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 5.13.

Zayo Group (NYSE:ZAYO) last released its earnings results on Wednesday, May 8th. The technology company reported $0.15 earnings per share 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 9.29%. The company had revenue of $647.20 million for the quarter, compared to the consensus estimate of $639.98 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. On average, equities analysts expect that Zayo Group will post 0.57 EPS for the current fiscal year.

In related news, COO John F. Jr. Waters sold 6,296 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $28.04, for a total transaction of $176,539.84. Following the sale, the chief operating officer now directly owns 102,241 shares in the company, valued at approximately $2,866,837.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sandra Mays sold 2,745 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $28.04, for a total transaction of $76,969.80. Following the sale, the insider now owns 47,395 shares in the company, valued at $1,328,955.80. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in Zayo Group in the 4th quarter worth approximately $29,000. Federated Investors Inc. PA purchased a new stake in Zayo Group in the 1st quarter worth approximately $30,000. Truvestments Capital LLC purchased a new stake in Zayo Group in the 1st quarter worth approximately $53,000. Ffcm LLC lifted its stake in Zayo Group by 104.3% in the 4th quarter. Ffcm LLC now owns 2,832 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,446 shares in the last quarter. Finally, Strs Ohio lifted its stake in Zayo Group by 28.0% in the 1st quarter. Strs Ohio now owns 2,763 shares of the technology company’s stock worth $78,000 after purchasing an additional 604 shares in the last quarter. Institutional investors own 95.51% of the company’s stock.

Zayo Group Company Profile

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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