Zions Bancorporation Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:ZION)
Zions Bancorporation (NASDAQ:ZION) has earned an average recommendation of “Hold” from the twenty-three ratings firms that are currently covering the stock, AnalystRatings.NET reports. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $31.68.
Zions Bancorporation (NASDAQ:ZION) opened at 29.14 on Tuesday. 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 $28.77 and its 200-day moving average is $29.60. The company has a market cap of $5.909 billion and a price-to-earnings ratio of 16.38.
Zions Bancorporation (NASDAQ:ZION) last released its earnings data on Monday, July 21st. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.11. During the same quarter last 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.
ZION has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Zions Bancorporation in a research note on Monday, August 11th. They now have a $31.00 price target on the stock, down previously from $32.00. Separately, analysts at Sanford C. Bernstein upgraded shares of Zions Bancorporation from an “underperform” rating to a “market perform” rating in a research note on Tuesday, July 29th. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Bernstein upgraded shares of Zions Bancorporation to a “market perform” rating in a research note on Tuesday, July 29th.
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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