Windstream Holdings Inc (NYSE:WIN) Receives $6.53 Consensus Target Price from Analysts

Shares of Windstream Holdings Inc (NYSE:WIN) have earned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.19.

Several analysts have commented on the stock. Citigroup Inc. decreased their target price on shares of Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, July 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $5.00 price objective (down from $9.00) on shares of Windstream Holdings in a report on Wednesday, June 14th. Raymond James Financial, Inc. upgraded shares of Windstream Holdings from an “underperform” rating to an “outperform” rating and set a $5.25 price objective for the company in a research note on Wednesday, May 17th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $4.50 price objective on shares of Windstream Holdings in a research note on Wednesday, March 22nd.

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Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Windstream Holdings during the fourth quarter worth approximately $120,000. State Street Corp raised its stake in shares of Windstream Holdings by 12.5% in the fourth quarter. State Street Corp now owns 2,174,588 shares of the company’s stock worth $15,936,000 after buying an additional 241,378 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Windstream Holdings during the fourth quarter worth approximately $130,000. Credit Agricole S A bought a new stake in shares of Windstream Holdings during the fourth quarter worth approximately $164,000. Finally, United Capital Financial Advisers LLC raised its position in shares of Windstream Holdings by 25.4% in the fourth quarter. United Capital Financial Advisers LLC now owns 22,871 shares of the company’s stock valued at $168,000 after buying an additional 4,632 shares during the period.

Windstream Holdings (NYSE:WIN) opened at 3.89 on Friday. The stock has a 50 day moving average of $4.40 and a 200-day moving average of $6.16. The stock’s market cap is $741.02 million. Windstream Holdings has a 52 week low of $3.65 and a 52 week high of $10.45.

Windstream Holdings (NYSE:WIN) last posted its earnings results on Thursday, May 4th. The company reported ($0.89) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by $0.55. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company earned ($2.52) earnings per share. Analysts forecast that Windstream Holdings will post ($1.93) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 15.42%. This is a positive change from Windstream Holdings’s previous quarterly dividend of $0.10.

Windstream Holdings Company Profile

Analyst Recommendations for Windstream Holdings (NYSE:WIN)

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