The Zayo Group Holdings, Inc. (NYSE:ZAYO) is going up by 0.41% in today’s trading session, a rise equivalent to 0.14% of the stock’s price from yesterday’s market close. A news came out 1 hour ago stating that CORRECTING AND REPLACING:/ Global Media Company Selects Zayo for Connectivity Between Key European Hubs by WSJ. The lowest point that the shares touched during the trading session was $33.75, while the peak of the day was recorded at a share price of $33.835. ZAYO finished the previous session at $33.76 according to the data provided by Barchart, while the trading volume was observed to be $888,508.
In the 100 days of trading, ZAYO managed to top a 32.58% Moving average. Additionally, Zayo Group Holdings, Inc. shares have achieved a 52-week range between 20.27 and 37.92 alongside 100 days raw stochastic set at 98.37%.
The number of shares outstanding, according to the fundamentals of the company, is set at 235.45M, equal to the value of $7.95B in market capitalization. Financial analysts indicate that ZAYO shares should be still ranked as a “Hold”. In the last 30 days, Zayo Group Holdings, Inc. shares went down by -0.28%, adding 34.00 to growth in value, on top of a +1.51% boost since 07/22/19.
Zayo Group Holdings, Inc. (NYSE:ZAYO) Analyst’s Estimates
Zayo Group Holdings, Inc. (ZAYO) could record at least $0.14 per share in quarterly earnings in the upcoming report on 08/21/2019, a number that would actually represent an increase of 32.82% YOY.
According to the average analyst rating, Zayo Group Holdings, Inc. would be rated as 3.00. Out of 11 different analysts monitoring ZAYO stock, 0 analysts rate the stock as a BUY, 11 suggest to give the rating of HOLD, 0 indicate that ZAYO is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On May-22-19, the stock earned a Downgrade rating due to a new analyst call from Raymond James, while analysts from Craig Hallum believe that the stock is set at Buy, as concluded on Jan-23-19. JP Morgan, is still rather wary about the stock, deciding to keep the rating at Overweight as confirmed through a call on Nov-28-18.
MoffettNathanson, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Oct-15-18, giving the stock a Buy from the Neutral rating.
ZAYO Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +35.13% has been attained, while the operating margin has been recorded at +17.03%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 1.13%. Beta value of the stock is recorded at 0.75. Additionally, Zayo Group Holdings, Inc. is recording price volatility of 0.26% for the period of the last seven days and 0.37% in the last 30 days.
Zayo Group Holdings, Inc. (NYSE:ZAYO) Technical Outlook
For the period of the last 50 days, Zayo Group Holdings, Inc. had its Raw Stochastic average set at 93.52% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 84.17%. Stochastic %K for Zayo Group Holdings, Inc., with the last 20 days included, was set at 79.08%, having Stochastic %D topping 80.55%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Zayo Group Holdings, Inc. stocks with recording -11.06% in metrics.
Zayo Group Holdings, Inc. Insider Watch:
As far as the position of shares issued by Zayo Group Holdings, Inc. (NYSE:ZAYO) for the period concluded at the market close of 08/21/19, 212 institutional investors increased their positions in ZAYO shares by 72,664,636, 203 decreased positions by 83,201,705 and 44 institutional investors decided to hold positions at 56,194,676. These numbers put the complete list of institutional holdings set at 212,061,017 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 86 institutional investments with 46,570,180 new shares in addition to having 96 institutional investors selling their positions in 55,403,547 shares.