Zions Bancorporation PT Raised to $28.00 at Jefferies Group (ZION)
Analysts at Jefferies Group increased their price objective on shares of Zions Bancorporation (NASDAQ:ZION) from $26.00 to $28.00 in a research report issued to clients and investors on Tuesday. Jefferies Group’s price target points to a potential downside of 4.53% from the company’s current price.
ZION has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Zions Bancorporation in a research note on Tuesday, July 22nd. They now have a $31.00 price target on the stock. Separately, analysts at Compass Point upgraded shares of Zions Bancorporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a $33.00 price target on the stock, up previously from $32.00. Finally, analysts at SunTrust cut their price target on shares of Zions Bancorporation from $35.00 to $33.00 in a research note on Tuesday, July 22nd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $31.79.
Zions Bancorporation (NASDAQ:ZION) traded down 0.31% on Tuesday, hitting $29.33. The stock had a trading volume of 5,593,377 shares. Zions Bancorporation has a 52 week low of $26.79 and a 52 week high of $33.33. The stock’s 50-day moving average is $29.51 and its 200-day moving average is $29.80. The company has a market cap of $5.429 billion and a P/E ratio of 16.62.
Zions Bancorporation (NASDAQ:ZION) last announced its earnings results on Monday, July 21st. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.11. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, analysts predict that Zions Bancorporation will post $1.84 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, August 19th.
Zions Bancorporation is a financial holding company. The Company focuses on providing community banking services by 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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