Zions Bancorporation PT Raised to $33.00 at RBC Capital (ZION)
Analysts at RBC Capital boosted their target price on shares of Zions Bancorporation (NASDAQ:ZION) from $32.00 to $33.00 in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. RBC Capital’s price target would suggest a potential upside of 10.26% from the stock’s previous close.
Shares of Zions Bancorporation (NASDAQ:ZION) traded down 0.74% on Tuesday, hitting $29.708. The stock had a trading volume of 1,324,741 shares. Zions Bancorporation has a 1-year low of $22.62 and a 1-year high of $32.29. The stock’s 50-day moving average is $29.7 and its 200-day moving average is $29.07. The company has a market cap of $5.485 billion and a price-to-earnings ratio of 14.25.
Zions Bancorporation (NASDAQ:ZION) last released its earnings data on Monday, January 27th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, analysts predict that Zions Bancorporation will post $1.87 earnings per share for the current fiscal year.
ZION has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein raised their price target on shares of Zions Bancorporation from $22.00 to $24.00 in a research note to investors on Tuesday. Separately, analysts at Credit Suisse cut their price target on shares of Zions Bancorporation from $34.00 to $33.00 in a research note to investors on Tuesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Zions Bancorporation in a research note to investors on Monday, December 9th. They now have a $31.00 price target on the stock. Fifteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.64.
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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