Brokerages Set Windstream Holdings Inc (WIN) Price Target at $4.27

Shares of Windstream Holdings Inc (NYSE:WIN) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $4.27.

A number of equities research analysts have commented on the company. Morgan Stanley restated an “equal weight” rating and issued a $2.40 target price (down previously from $5.00) on shares of Windstream Holdings in a research report on Wednesday, August 23rd. Jefferies Group LLC restated a “hold” rating and issued a $2.50 target price (down previously from $5.00) on shares of Windstream Holdings in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Windstream Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Deutsche Bank AG reduced their target price on Windstream Holdings from $7.00 to $3.00 and set a “hold” rating on the stock in a research report on Tuesday, August 8th. Finally, Citigroup Inc. reduced their target price on Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, July 13th.

In other news, Director Alan L. Wells acquired 68,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average price of $2.10 per share, for a total transaction of $142,800.00. Following the acquisition, the director now owns 157,971 shares of the company’s stock, valued at $331,739.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anthony W. Thomas acquired 25,381 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $1.97 per share, for a total transaction of $50,000.57. Following the acquisition, the director now directly owns 637,006 shares in the company, valued at approximately $1,254,901.82. The disclosure for this purchase can be found here. Insiders purchased a total of 95,381 shares of company stock worth $196,901 in the last quarter.

Several large investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Windstream Holdings during the fourth quarter valued at about $2,596,000. Fox Run Management L.L.C. purchased a new stake in Windstream Holdings during the first quarter valued at about $105,000. Nisa Investment Advisors LLC increased its stake in Windstream Holdings by 11.1% in the first quarter. Nisa Investment Advisors LLC now owns 27,392 shares of the company’s stock valued at $149,000 after buying an additional 2,726 shares in the last quarter. Nationwide Fund Advisors increased its stake in Windstream Holdings by 66.9% in the first quarter. Nationwide Fund Advisors now owns 121,562 shares of the company’s stock valued at $663,000 after buying an additional 48,736 shares in the last quarter. Finally, Shell Asset Management Co. purchased a new stake in Windstream Holdings during the first quarter valued at about $1,071,000.

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Shares of Windstream Holdings (WIN) traded down 1.44% on Friday, hitting $2.06. 2,700,232 shares of the stock traded hands. The firm has a 50 day moving average price of $2.99 and a 200 day moving average price of $4.83. Windstream Holdings has a 52-week low of $1.87 and a 52-week high of $10.45. The firm’s market cap is $393.11 million.

Windstream Holdings (NYSE:WIN) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.08. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.01 EPS. On average, equities analysts forecast that Windstream Holdings will post ($1.98) EPS for the current year.

Windstream Holdings announced that its board has initiated a stock buyback plan on Thursday, August 3rd that permits the company to repurchase $90.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 19.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

About Windstream Holdings

Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.

Analyst Recommendations for Windstream Holdings (NYSE:WIN)

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