The shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) has been pegged with a rating of Buy by Craig Hallum in its latest research note that was published on January 23rd, 2019. The research company has also assigned a $45 price target. Craig Hallum wasn’t the only research firm that published a report of Zayo Group Holdings, Inc., with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on November 28th, 2018, to Overweight the ZAYO stock. The stock had earned Neutral rating from UBS when it published its report on November 8th, 2018. The stock was given Buy rating by MoffettNathanson in its report released on October 15th, 2018. Jefferies was of a view that ZAYO is Buy in its latest report on September 4th, 2018 while giving it a price target of $49. BofA/Merrill thinks that ZAYO is worth Buy rating. This was contained in the firm’s report on May 18th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $34.88. The price of the stock the last time has raised by 25.85% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 42.22.
The shares of the company dipped by -3.04% during the trading session on Monday, reaching a low of $24.75 while ending the day at $25.51. During the trading session, a total of 14.33 million shares were traded which represents a -137.98% decline from the average session volume which is 6.02M shares. ZAYO had ended its last session trading at 26.31. Zayo Group Holdings, Inc. currently has a market cap of $6.10B, while its P/E ratio stands at 50.51, while its P/E earnings growth sits at 2.35, with a beta of 0.93. Zayo Group Holdings, Inc. debt-to-equity ratio currently stands at 5.15, while its quick ratio hovers at 0.90. ZAYO 52-week low price stands at $20.27 while its 52-week high price is $39.66.
The company in its last quarterly report recorded $0.13 earnings per share which is below the $0.14 predicted by most analysts. The Zayo Group Holdings, Inc. generated $639.10 million in revenue during the last quarter, which is slightly lower than the $642.01 million predicted by analysts. In the second quarter last year, the firm recorded $0.09 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 30.77%. Zayo Group Holdings, Inc. has the potential to record 0.51 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Barclays published a research note on January 16th, 2019 where it informed investors and clients that The Williams Companies, Inc. (NYSE:WMB) is now rated as Overweight. Their price target on the stock stands at $31. JP Morgan also rated WMB as Upgrade on November 28th, 2018, with its price target of $82 suggesting that WMB could surge by 16.05% from its current share price. Even though the stock has been trading at $26.88/share, analysts expect it to surge higher by -0.60% to reach $31.83/share. It started the day trading at $26.83 and traded between $26.6 and $26.72 throughout the trading session.
A look at its technical shows that WMB’s 50-day SMA is 24.76 while its 200-day SMA stands at 26.81. The stock has a high of $32.22 for the year while the low is $20.36. The company’s P/E ratio currently sits at 152.69, while the P/B ratio is 1.76. The company’s average trading volume currently stands at 9.91M shares, which means that the short-interest ratio is just 4.15 days. Over the past seven days, the company moved, with its shift of -2.37%. Looking further, the stock has raised 0.91% over the past 90 days while it lost -15.95% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more WMB shares, increasing its portfolio by +47.71% during the last quarter. This move now sees The Vanguard Group Inc purchasing 29,440,434 shares in the last quarter, thus it now holds 91,151,572 shares of WMB, with a total valuation of $2,009,892,163. BlackRock Fund Advisors meanwhile bought more WMB shares in the recently filed quarter, changing its stake to $1,357,002,247 worth of shares. SSgA Funds Management Inc followed the path by increasing its WMB portfolio by +43.30% in the quarter. This means that SSgA Funds Management Inc bought 17,544,961 shares in the last quarter and now controls 58,061,580 shares of the WMB stock, with the valuation hitting $1,280,257,839.
Similarly, Harvest Fund Advisors LLC increased its The Williams Companies, Inc. shares by +35.41% during the recently filed quarter. After buying 10,888,608 shares in the last quarter, the firm now controls 41,642,869 shares of The Williams Companies, Inc. which are valued at $918,225,261. In the same vein, Fidelity Management Research Co decreased its The Williams Companies, Inc. shares by during the most recent reported quarter. The firm sold -9,633,016 shares during the quarter which decreased its stakes to 28,861,977 shares and is now valued at $636,406,593. Following these latest developments, around 0.10% of The Williams Companies, Inc. stocks are owned by institutional investors and hedge funds.