Taking into account all relevant factors, Zayo Group Holdings, Inc. (NYSE:ZAYO) scores 96% Buy on the technical side. The share price is also flashing a Hold from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for ZAYO averaged 100% Buy with an average daily trading volume over the past 20 days at 2514825 shares. Those using medium-term investment strategies, the shares have overall a 1% Buy signal while the 50-day average daily volume remained almost 2517192 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was shares, is signaling100% Buy for long term investors.
The stock is lingering around the initial support level of $34.22. After this, the following support is at the zone of $34.15. Up until the time the ZAYO stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 54.55 on the daily chart, and this may be a cause for concern. In case the price goes below $34.15 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $34.31 level may cause a pull-back move approaching $34.34 mark.
Zayo Group Holdings, Inc. (ZAYO) is most likely going to rise 0.5 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $35-month high price target. This represents a whopping 2.1 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $35, which means a return possibility of 2.1 percent in comparison with the closing price of the stock of $34.28 on December 03. The lowest price set for the stock is $35 — just above 2.1 percent from ZAYO share price now.
Let’s take a glimpse at some insider activity at Zayo Group Holdings, Inc. (NYSE:ZAYO) and observe the pattern. The earliest insider trade happened on 10/18/2019. Connor Richard W. parted with a total of 20 thousand shares of the firm at average share price of $34.31. The total amount for the sale was set at $686.2 thousand. On completing this exchange, the Director account balance was 101.7 thousand shares. The stock lost -0.09 percent from that insider sale. On 10/14/2019, Connor Richard W., Director, did a sale of 20 thousand shares at a price of $34.01 per share. This got rid of 680.2 thousand shares from the insider’s fortune and the stock experienced a 0.79 percent rally in price since the news became public. This exchange saw 121.7 thousand shares get out from the Director account. On 10/02/2019, CIO Mays Sandra recorded a sale transaction valued at $104.08 thousand. The sale at $33.88 a share has eliminated 3.07 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 1.18 percent increase since the transaction reporting date. The company insider is left with 63.24 thousand shares remaining in the account. Waters John F Jr., who works as COO at the company, performed a sale of 7.41 thousand shares in a transaction worth $251.08 thousand. The disposal recorded on 10/02/2019 was priced at $33.88 per share. The stock price soared 1.18 percent since the transaction. Waters John F Jr. currently holds a stake of 113.53 thousand in ZAYO stock which is worth $3.89 million after the insider selling.
On December 03, 2019, Zayo Group Holdings, Inc. (NYSE:ZAYO) shares gained 0.23% or 0.08 points to close at $34.28 with a heavy trading volume of 5.434 million shares. It opened the trading session at $34.21, the shares rose to $34.28 and dropped to $34.185, the range by which the price of stock traded the whole day. The company now has a market cap of $8.11 billion and currently has 236.55 million outstanding shares. Zayo Group Holdings, Inc. (ZAYO) stock has accumulated 0.18 percent of market value in 21 trading days.
Stock analysts at Raymond James cut their rating on shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) from Outperform to a new rating of Mkt Perform in their opinion released on May 22. Analysts at JP Morgan issued an upgrade for the stock to Overweight from previous rating of Neutral, in a research note that dated back to November 28.
ZAYO stock’s trailing 3-year beta is 0.72, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $0.61 share in the trailing 52 weeks. The stock’s value surged 50.09 percent year to date (YTD) compared to a rise of 30.24 percent in 52 week’s period. The firm’s shares are still trading -0.22 percent below its 1-year high of $34.35 and 69.12 percent up from 52-week low of $20.27. The average consensus ranking on the company is 3, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a hold.
Zayo Group Holdings, Inc. (ZAYO) shares are trading at a P/E ratio of 56.2 times earnings posted in the trailing 12 months. The industry ZAYO deals with has an average P/E of 37.8. Its P/B ratio is standing at 5.9X compared to the 3.4 industry average. It is additionally sporting a 3.2 on the Price-to-Sales ratio, compared to the industry’s P/S average of 2. Zayo Group Holdings, Inc. has a 64.4% gross profit margin, with its operating margin around 20.4%. Alongside this, the company’s net profit margin currently stands at 5.7%.
Past records have indicated that shares in Zayo Group Holdings, Inc. declined on 12 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.