Zions Bancorporation PT Lowered to $31.00 (ZION)
Research analysts at Guggenheim dropped their price target on shares of Zions Bancorporation (NASDAQ:ZION) from $33.50 to $31.00 in a report released on Monday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Guggenheim’s price objective would indicate a potential upside of 13.06% from the company’s current price.
Shares of Zions Bancorporation (NASDAQ:ZION) traded up 0.33% during mid-day trading on Monday, hitting $27.42. The stock had a trading volume of 1,260,448 shares. Zions Bancorporation has a 52 week low of $19.03 and a 52 week high of $31.40. The stock’s 50-day moving average is $28.67 and its 200-day moving average is $27.45. The company has a market cap of $5.060 billion and a price-to-earnings ratio of 21.02.
Zions Bancorporation (NASDAQ:ZION) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.03. During the same quarter last year, the company posted $0.30 earnings per share. On average, analysts predict that Zions Bancorporation will post $1.69 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ZION. Analysts at Goldman Sachs Group Inc. upgraded shares of Zions Bancorporation (NASDAQ:ZION) to a “neutral” rating in a research note to investors on Tuesday, September 17th. Separately, analysts at Compass Point raised their price target on shares of Zions Bancorporation (NASDAQ:ZION) from $31.00 to $32.00 in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Zions Bancorporation (NASDAQ:ZION) in a research note to investors on Monday, September 9th. They now have a $30.50 price target on the stock. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $29.09.
Zions Bancorporation is a financial holding company. The Company focuses on providing community banking services by continuously strengthening its core business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage; trust and wealth management, and investment activities.
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