Zions Bancorporation (NASDAQ:ZION) shares traded 0.76% up during most recent session to reach at the closing price of $47.5. The stock exchanged hands 1.48 Million shares versus average trading capacity of 2.61 Million shares, yielding a market cap of $8.86 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $54.46 within the next 52-weeks. The mean target projections are based on 24 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Zions Bancorporation (NASDAQ:ZION) high price target of $63 and with a conservative view have low price target of $46.
JP Morgan “Downgrades” Zions Bancorporation (NASDAQ:ZION) in a research note issued to investors on 4/04/19 to Neutral with price target of $50.
Additionally on 12/17/18 Argus “Initiates Coverage On” Zions Bancorporation (NASDAQ:ZION) to Buy setting price target at $51 and on 11/07/18 PiperJaffray “Upgrades” the stock to Overweight at $57. Furthermore on 11/06/18 PiperJaffray “Upgrades” the stock to Overweight at $57.
On the other hand the company has Relative Strength Index (RSI 14) of 50.63 along with Average True Range (ATR 14) of 0.98, Consequently Zions Bancorporation (NASDAQ:ZION)’s weekly and monthly volatility is 1.58%, 2.18% respectively. The company’s beta value is at 1.47.
In terms of Buy, Sell or Hold recommendations, Zions Bancorporation (NASDAQ:ZION) has analysts’ mean recommendation of 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 $0.96 and can go high up to $1.09. The consensus mean EPS for the current quarter is at $1.05 derived from a total of 25 estimates from the analysts who have weighed in on projected earnings. However the company reported $1.09 earnings per share for the same quarter during last year.
Previously Zions Bancorporation (NASDAQ:ZION) reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. The company posted an earnings surprise of 2.9%.
Zions Bancorporation (NASDAQ:ZION)’s revenue estimates for the current quarter are $715.38 Million according to 20 number of analysts, for the current quarter the company has high revenue estimates of $726 Million in contradiction of low revenue estimates of $706.7 Million. For the current year the company’s revenue estimates are $2.92 Billion compared to low analyst estimates of $2.87 Billion and high estimates of $2.95 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 96.6%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.17%.
Zions Bancorporation (NASDAQ:ZION)’s trailing twelve month revenues are $2.48 Billion, whereas its price to sales ratio for the same period is 3.57. Its book value per share for the most recent quarter is $37.08 while its price to book ratio for the same period is 1.28, as for as the company’s cash per share for the most recent quarter is $20.85, however its price to cash per share ratio for the same period is 2.28. The stock has 5 year expected PEG ratio of 1.88 whereas its trailing twelve month P/E ratio is 11.64.