Zions Bancorporation (NASDAQ:ZION) shares traded 1.06% up during most recent session to reach at the closing price of $49.71. The stock exchanged hands 2.61 Million shares versus average trading capacity of 2.25 Million shares, yielding a market cap of $9.72 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $57.08 within the next 52-weeks. The mean target projections are based on 26 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Zions Bancorporation (NASDAQ:ZION) high price target of $70 and with a conservative view have low price target of $49.
PiperJaffray “Upgrades” Zions Bancorporation (NASDAQ:ZION) in a research note issued to investors on 11/07/18 to Overweight with price target of $57.
Additionally on 11/06/18 PiperJaffray “Upgrades” Zions Bancorporation (NASDAQ:ZION) to Overweight setting price target at $57 and on 10/29/18 Raymond James “Maintained” the stock to Strong Buy at $57. Furthermore on 10/23/18 Deutsche Bank “Maintained” the stock to Buy at $57.
On the other hand the company has Relative Strength Index (RSI 14) of 55.46 along with Average True Range (ATR 14) of 1.34, Consequently Zions Bancorporation (NASDAQ:ZION)’s weekly and monthly volatility is 2.12%, 2.95% respectively. The company’s beta value is at 1.36.
In terms of Buy, Sell or Hold recommendations, Zions Bancorporation (NASDAQ:ZION) has analysts’ mean recommendation of 2.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Zions Bancorporation (NASDAQ:ZION)’s minimum EPS for the current quarter is at $0.97 and can go high up to $1.08. The consensus mean EPS for the current quarter is at $1.04 derived from a total of 25 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.8 earnings per share for the same quarter during last year.
Previously Zions Bancorporation (NASDAQ:ZION) reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.08. The company posted an earnings surprise of 8.3%.
Zions Bancorporation (NASDAQ:ZION)’s revenue estimates for the current quarter are $712.87 Million according to 19 number of analysts, for the current quarter the company has high revenue estimates of $721.45 Million in contradiction of low revenue estimates of $705.4 Million. For the current year the company’s revenue estimates are $2.79 Billion compared to low analyst estimates of $2.77 Billion and high estimates of $2.8 Billion according to 23 number of analysts.
Currently Zions Bancorporation (NASDAQ:ZION)’s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 97.4%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.18%.
Zions Bancorporation (NASDAQ:ZION)’s trailing twelve month revenues are $2.39 Billion, whereas its price to sales ratio for the same period is 4.07. Its book value per share for the most recent quarter is $36.07 while its price to book ratio for the same period is 1.38, as for as the company’s cash per share for the most recent quarter is $15.41, however its price to cash per share ratio for the same period is 3.23. The stock has 5 year expected PEG ratio of 1.87 whereas its trailing twelve month P/E ratio is 13.07.