Zions Bancorporation N.A (ZION) Stock Short-term Performance Analysis

At the time of writing, Zions Bancorporation N.A [ZION] stock is trading at $47.01, up 0.19%. 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 4.35% over the last week, with a monthly amount glided 0.02%, and 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 July 25, 2024, when Argus downgraded its rating to a Hold. Previously, Deutsche Bank started tracking the stock with Hold rating on April 10, 2024, and set its price target to $47. On January 05, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $46 on the stock. Robert W. Baird downgraded its rating to a Neutral but stick to its price target of $45 on December 15, 2023. Citigroup downgraded its rating to a Neutral but $37 remained the price target by the analyst firm on November 21, 2023. In a note dated September 29, 2023, Citigroup initiated an Buy rating and provided a target price of $42 on this stock.

For the past year, the stock price of Zions Bancorporation N.A fluctuated between $28.90 and $53.32. Currently, Wall Street analysts expect the stock to reach $58 within the next 12 months. Zions Bancorporation N.A [NASDAQ: ZION] shares were valued at $47.01 at the most recent close of the market. An investor can expect a potential return of 23.38% based on the average ZION price forecast.

Analyzing the ZION fundamentals

According to Zions Bancorporation N.A [NASDAQ:ZION], the company’s sales were 4.84B for trailing twelve months, which represents an 7.64% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.03.

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 46.28 points at the first support level, and at 45.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.10, and for the 2nd resistance point, it is at 49.20.

Ratios To Look Out For

It is important to note that Zions Bancorporation N.A [NASDAQ:ZION] has a current ratio of 0.14. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 11.32.

Transactions by insiders

Recent insider trading involved ALEXANDER BRUCE K, Exec VP and, that happened on Jul 29 ’24 when 5156.0 shares were sold. Executive Vice President &, SHIREY TERRY ALAN completed a deal on Jul 26 ’24 to sell 1917.0 shares. Meanwhile, President MCLEAN SCOTT J sold 60000.0 shares on Jul 26 ’24.

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