At the time of writing, Zions Bancorporation N.A [ZION] stock is trading at $40.95, up 4.54%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ZION shares have gain 5.87% over the last week, with a monthly amount glided 3.28%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, 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. In a post published today on Yahoo Finance, 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.
From an analyst’s perspective:
Zions Bancorporation N.A [NASDAQ: ZION] stock has seen the most recent analyst activity on January 05, 2024, when Truist downgraded its rating to a Hold and also revised its price target to $46 from $51. Previously, Robert W. Baird downgraded its rating to Neutral on December 15, 2023, and kept the price target unchanged to $45. On November 21, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $37 on the stock. Citigroup initiated its recommendation with a Buy and recommended $42 as its price target on September 29, 2023. Morgan Stanley downgraded its rating to Underweight for this stock on September 27, 2023, and upped its price target to $32. In a note dated July 24, 2023, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $39.
For the past year, the stock price of Zions Bancorporation N.A fluctuated between $18.26 and $49.84. Currently, Wall Street analysts expect the stock to reach $61 within the next 12 months. Zions Bancorporation N.A [NASDAQ: ZION] shares were valued at $40.95 at the most recent close of the market. An investor can expect a potential return of 48.96% based on the average ZION price forecast.
Analyzing the ZION fundamentals
According to Zions Bancorporation N.A [NASDAQ:ZION], the company’s sales were 4.63B for trailing twelve months, which represents an 20.67% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.6%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.37 points at the first support level, and at 37.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.90, and for the 2nd resistance point, it is at 42.86.
Zions Bancorporation N.A [ZION] reported earnings per share of $1.29 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.99/share, meaning a difference of $0.3 and a surprise factor of 30.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.13 per share as compared to estimates of $1.15 per share, a difference of -$0.02 representing a surprise of -1.70%.
Ratios To Look Out For
It is important to note that Zions Bancorporation N.A [NASDAQ:ZION] has a current ratio of 0.26. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 1.19 and price to earnings (TTM) ratio is 9.40.
Transactions by insiders
Recent insider trading involved SIMMONS HARRIS H, Chairman & CEO, that happened on Feb 27 when 4000.0 shares were purchased. Exec VP, Young Mark Richard completed a deal on Feb 22 to sell 5597.0 shares. Meanwhile, Executive Vice President STEPHENS STEVEN DAN sold 7500.0 shares on Feb 16.
