Wednesday, March 3, 2021

For Zions Bancorporation National Association [ZION], DA Davidson sees a rise to $36. What next?

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Zions Bancorporation National Association [NASDAQ: ZION] jumped around 0.87 points on Tuesday, while shares priced at $36.97 at the close of the session, up 2.41%. Zions Bancorporation National Association stock is now -28.79% down from its year-to-date (YTD) trading value. ZION Stock saw the intraday high of $37.94 and lowest of $35.97 per share. The company’s 52-week high price is 52.48, which means current price is +56.79% above from all time high which was touched on 01/02/20.

Compared to the average trading volume of 3.63M shares, ZION reached a trading volume of 2626529 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about Zions Bancorporation National Association [ZION]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZION shares is $35.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZION stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

DA Davidson have made an estimate for Zions Bancorporation National Association shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 20, 2020. While these analysts kept the previous recommendation, B. Riley FBR dropped their target price from $39 to $33. The new note on the price target was released on April 21, 2020, representing the official price target for Zions Bancorporation National Association stock. On February 10, 2020, analysts decreased their price target for ZION shares from 54 to 48.

The Average True Range (ATR) for Zions Bancorporation National Association is set at 2.12, with the Price to Sales ratio for ZION stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 25.64. Price to Free Cash Flow for ZION in the course of the last twelve months was 11.42.

How has ZION stock performed recently?

Zions Bancorporation National Association [ZION] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.94. With this latest performance, ZION shares gained by 36.82% in over the last four-week period, additionally sinking by -27.72% over the last 6 months – not to mention a drop of -16.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZION stock in for the last two-week period is set at 58.54, with the RSI for the last a single of trading hit 57.69, and the three-weeks RSI is set at 57.12 for Zions Bancorporation National Association [ZION]. The present Moving Average for the last 50 days of trading for this stock 31.46, while it was recorded at 35.68 for the last single week of trading, and 41.10 for the last 200 days.

Zions Bancorporation National Association [ZION]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Zions Bancorporation National Association [ZION] shares currently have an operating margin of +32.45. Zions Bancorporation National Association’s Net Margin is presently recorded at +24.96.

Return on Total Capital for ZION is now 8.31, given the latest momentum, and Return on Invested Capital for the company is 9.19. Return on Equity for this stock inclined to 10.85, with Return on Assets sitting at 1.17. When it comes to the capital structure of this company, Zions Bancorporation National Association [ZION] has a Total Debt to Total Equity ratio set at 54.70. Additionally, ZION Total Debt to Total Capital is recorded at 35.36, with Total Debt to Total Assets ending up at 5.79. Long-Term Debt to Equity for the company is recorded at 29.01, with the Long-Term Debt to Total Capital now at 17.31.

Reflecting on the efficiency of the workforce at the company, Zions Bancorporation National Association [ZION] managed to generate an average of $79,505 per employee.

Earnings analysis for Zions Bancorporation National Association [ZION]

With the latest financial reports released by the company, Zions Bancorporation National Association posted 0.99/share EPS, while the average EPS was predicted by analysts to be reported at 1.1/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -10.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZION.

Insider trade positions for Zions Bancorporation National Association [ZION]

There are presently around $5,569 million, or 97.00% of ZION stock, in the hands of institutional investors. The top three institutional holders of ZION stocks are: VANGUARD GROUP INC with ownership of 20,846,304, which is approximately 1.164% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 13,606,273 shares of the stock with an approximate value of $491.19 million in ZION stocks shares; and INVESCO LTD., currently with $379.89 million in ZION stock with ownership of nearly -2.014% of the company’s market capitalization.

199 institutional holders increased their position in Zions Bancorporation National Association [NASDAQ:ZION] by around 12,068,644 shares. Additionally, 279 investors decreased positions by around 23,794,348 shares, while 59 investors held positions by with 118,403,984 shares. The mentioned changes placed institutional holdings at 154,266,976 shares, according to the latest SEC report filing. ZION stock had 61 new institutional investments in for a total of 4,140,324 shares, while 108 institutional investors sold positions of 7,773,163 shares during the same period.

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