A share price of Zions Bancorporation N.A [ZION] is currently trading at $42.45, up 2.91%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ZION shares have gain 4.17% over the last week, with a monthly amount drifted -3.06%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Zions Bancorporation N.A [NASDAQ: ZION] stock has seen the most recent analyst activity on April 10, 2024, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $47. Previously, Truist downgraded its rating to Hold on January 05, 2024, and dropped its price target to $46. On December 15, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $45 on the stock. Citigroup downgraded its rating to a Neutral but stick to its price target of $37 on November 21, 2023. Citigroup started tracking with a Buy rating for this stock on September 29, 2023, and assigned it a price target of $42. In a note dated September 27, 2023, Morgan Stanley downgraded an Underweight rating on this stock and boosted its target price from $27 to $32.
Zions Bancorporation N.A experienced fluctuations in its stock price throughout the past year between $26.35 and $46.15. Currently, Wall Street analysts expect the stock to reach $58.25 within the next 12 months. Zions Bancorporation N.A [NASDAQ: ZION] shares were valued at $42.45 at the most recent close of the market. An investor can expect a potential return of 37.22% based on the average ZION price forecast.
Analyzing the ZION fundamentals
Trailing Twelve Months sales for Zions Bancorporation N.A [NASDAQ:ZION] were 4.75B which represents 11.63% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.52%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.93.
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 41.50 points at the first support level, and at 40.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.16, and for the 2nd resistance point, it is at 43.87.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Zions Bancorporation N.A [NASDAQ:ZION] is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 10.66.
Transactions by insiders
Recent insider trading involved Young Mark Richard, Exec VP, that happened on May 17 ’24 when 147.0 shares were sold. SVP – Controller, Arbuckle Jason D. completed a deal on May 16 ’24 to sell 358.0 shares. Meanwhile, Executive Vice President Robinson Rebecca K sold 5291.0 shares on May 03 ’24.
