Zions Bancorporation N.A [NASDAQ: ZION] stock went on a downward path that fall over -2.41% on Thursday, amounting to a one-week price decrease of less than -6.35%.
Over the last 12 months, ZION stock rose by 27.73%. The one-year Zions Bancorporation N.A stock forecast points to a potential upside of 11.54. The average equity rating for ZION stock is currently 3.04, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $6.82 billion, with 148.15 million shares outstanding and 145.31 million shares in the current float. Compared to the average trading volume of 1.64M shares, ZION stock reached a trading volume of 2213090 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $52.17 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 3.04. 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.
Argus have made an estimate for Zions Bancorporation N.A shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 25, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on April 10, 2024, representing the official price target for Zions Bancorporation N.A stock. Previously, the target price had yet another drop from $51 to $46, while Truist kept a Hold rating on ZION stock.
The Average True Range (ATR) for Zions Bancorporation N.A is set at 1.40, with the Price to Sales ratio for ZION stock in the period of the last 12 months amounting to 1.41. The Price to Book ratio for the last quarter was 1.22. Price to Free Cash Flow for ZION in the course of the last twelve months was 7.85.
ZION Stock Performance Analysis:
Zions Bancorporation N.A [ZION] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.35. With this latest performance, ZION shares gained by 0.11% in over the last four-week period, additionally plugging by 11.74% over the last 6 months – not to mention a rise of 27.73% 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 42.29, with the RSI for the last a single of trading hit 36.08, and the three-weeks RSI is set at 45.95 for Zions Bancorporation N.A [ZION]. The present Moving Average for the last 50 days of trading for this stock 47.34, while it was recorded at 48.17 for the last single week of trading, and 42.81 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 0.14.
ZION Stock EPS
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 -8.32%.
Zions Bancorporation N.A [ZION] Institutonal Ownership Details
There are presently around $78.35%, or 79.84%% of ZION stock, in the hands of institutional investors. The top three institutional holders of ZION stocks are: VANGUARD GROUP INC with ownership of 18.35 million shares, which is approximately 12.4554%. BLACKROCK INC., holding 13.33 million shares of the stock with an approximate value of $$578.02 million in ZION stocks shares; and BLACKROCK INC., currently with $$271.0 million in ZION stock with ownership which is approximately 4.2412%.
