Zions Bancorporation National Association (NASDAQ:ZION) stock went on an upward path that rose over 0.69% on Monday, amounting to a one-week price decrease of more than -0.10%. Over the last 12 months, ZION stock rose by 15.98%. The one-year ZION stock forecast points to a potential downside of -0.08, with the average price target set at $55.36 per share. The average equity rating for ZION stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for ZION stock reached $8.86 billion, with 173.59 million shares outstanding and 167.95 million shares in the current float. Compared to the average trading volume of 1.99M shares, ZION reached a trading volume of 2426836 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Zions Bancorporation National Association (ZION):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZION shares is $55.19 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 2.50. 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.
Robert W. Baird have made an estimate for Zions Bancorporation National Association shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 03, 2019. The new note on the price target was released on November 07, 2019, representing the official price target for Zions Bancorporation National Association stock. Previously, the target price had yet another drop from $51 to $46, while Jefferies kept a Hold rating on ZION stock.
The Average True Range (ATR) for Zions Bancorporation National Association is set at 0.75, with the Price to Sales ratio for ZION stock in the period of the last 12 months amounting to 3.29. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 22.59. Price to Free Cash Flow for ZION in the course of the last twelve months was 29.13.
ZION Stock Performance Analysis:
Zions Bancorporation National Association (ZION) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.10. With this latest performance, ZION shares gained by 2.38% in over the last four-week period, additionally plugging by 12.45% over the last 6 months – not to mention a rise of 15.98% 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 48.84, with the RSI for the last a single of trading hit 47.51, and the three-weeks RSI is set at 53.43 for Zions Bancorporation National Association (ZION). The present Moving Average for the last 50 days of trading for this stock 50.48, while it was recorded at 51.06 for the last single week of trading, and 46.22 for the last 200 days.
Insight into Zions Bancorporation National Association Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Zions Bancorporation National Association (ZION) shares currently have an operating margin of +37.69. Zions Bancorporation National Association’s Net Margin is presently recorded at +29.15.
Return on Total Capital for ZION is now 8.47, given the latest momentum, and Return on Invested Capital for the company is 10.80. Return on Equity for this stock inclined to 11.59, with Return on Assets sitting at 1.31. When it comes to the capital structure of this company, Zions Bancorporation National Association (ZION) has a Total Debt to Total Equity ratio set at 84.15. Additionally, ZION Total Debt to Total Capital is recorded at 45.70, with Total Debt to Total Assets ending up at 9.25. Long-Term Debt to Equity for the company is recorded at 10.33, with the Long-Term Debt to Total Capital now at 5.19.
Reflecting on the efficiency of the workforce at the company, Zions Bancorporation National Association (ZION) managed to generate an average of $86,658 per employee. Total Asset Turnover recorded at a value of 0.04.
ZION Stock EPS
With the latest financial reports released by the company, Zions Bancorporation National Association posted 1.08/share EPS, while the average EPS was predicted by analysts to be reported at 1.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.90%. 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 National Association go to 5.50%.
Zions Bancorporation National Association (ZION) Insider Position Details
There are presently around $8,591 million, in the hands of institutional investors. The top three institutional holders of ZION stocks are: VANGUARD GROUP INC with ownership of 21,431,787, which is approximately -1.837% of the company’s market cap and around 0.90% of the total institutional ownership; BLACKROCK INC., holding 13,927,050 shares of the stock with an approximate value of $705.68 million in ZION stocks shares; and INVESCO LTD., currently with $546.59 million in ZION stock with ownership of nearly -6.68% of the company’s market capitalization.
Positions in Zions Bancorporation National Association stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 158 institutional holders increased their position in Zions Bancorporation National Association (NASDAQ:ZION) by around 14,666,875 shares. Additionally, 313 investors decreased positions by around 22,897,643 shares, while 66 investors held positions by with 131,982,961 shares. The mentioned changes placed institutional holdings at 169,547,479 shares, according to the latest SEC report filing. ZION stock had 38 new institutional investments in for a total of 3,128,905 shares, while 97 institutional investors sold positions of 6,389,817 shares during the same period.