Zions Bancorporation N.A [NASDAQ: ZION] price surged by 0.85 percent to reach at $0.35. The company report on March 1, 2024 at 5:47 PM that Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.
S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.
S&P MidCap 400 constituents Super Micro Computer Inc. (NASD: SMCI) and Deckers Outdoor Corp. (NYSE: DECK) will replace Whirlpool Corp. (NYSE: WHR) and Zions Bancorporation N.A. (NASD: ZION) in the S&P 500 respectively, and Whirlpool and Zions Bancorporation will replace Super Micro Computer and Deckers Outdoor in the S&P MidCap 400, respectively.
The one-year ZION stock forecast points to a potential upside of 9.23. The average equity rating for ZION stock is currently 3.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Zions Bancorporation N.A [ZION]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZION shares is $45.50 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 3.00. 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.
Truist have made an estimate for Zions Bancorporation N.A shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 05, 2024. The new note on the price target was released on December 15, 2023, representing the official price target for Zions Bancorporation N.A stock. Previously, the target price had yet another raise to $37, while Citigroup analysts kept a Neutral rating on ZION stock.
The Average True Range (ATR) for Zions Bancorporation N.A is set at 1.55, with the Price to Sales ratio for ZION stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 1.20. Price to Free Cash Flow for ZION in the course of the last twelve months was 7.75.
ZION Stock Performance Analysis:
Zions Bancorporation N.A [ZION] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.46. With this latest performance, ZION shares gained by 6.25% in over the last four-week period, additionally plugging by 14.31% over the last 6 months – not to mention a drop of -15.30% 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 55.45, with the RSI for the last a single of trading hit 61.27, and the three-weeks RSI is set at 53.22 for Zions Bancorporation N.A [ZION]. The present Moving Average for the last 50 days of trading for this stock 41.58, while it was recorded at 39.92 for the last single week of trading, and 35.78 for the last 200 days.
Insight into Zions Bancorporation N.A Fundamentals:
Zions Bancorporation N.A’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.26.
ZION Stock EPS
With the latest financial reports released by the company, Zions Bancorporation N.A posted 1.33/share EPS, while the average EPS was predicted by analysts to be reported at 1.53/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -13.10%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zions Bancorporation N.A go to 4.83%.
Zions Bancorporation N.A [ZION] Institutonal Ownership Details
The top three institutional holders of ZION stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ZION stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ZION stock with ownership which is approximately 5.8325%.
