Impact of Brokerage Rating on Zions Bancorporation(ZION)

Many Zions Bancorporation(ZION) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Zions Bancorporation was Initiated by JMP Securities to Mkt Perform on Feb 2, 2017. Company shares were Upgraded by UBS on Jan 11, 2017 to Neutral, Raises Price Target to $ 46 from a previous price target of $37 .Zions Bancorporation was Upgraded by JP Morgan to Overweight on Jan 5, 2017. Company shares were Upgraded by FBR & Co. on Dec 20, 2016 to Outperform, Raises Price Target to $ 49 from a previous price target of $42 .Zions Bancorporation was Upgraded by BofA/Merrill to Neutral on Dec 15, 2016.

Company has reported several Insider transactions to the SEC, on Feb 1, 2017, Shelley Thomas Williams (director) sold 26,127 shares at 42.05 per share price.On Jan 27, 2017, Keith D Maio (EVP, Chief Banking Officer) sold 20,624 shares at 43.66 per share price.On Jan 27, 2017, Thomas E Laursen (Sr. Vice President &) sold 1,740 shares at 43.15 per share price.

Zions Bancorporation Last issued its quarterly earnings results on Jan 23, 2017. The company reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $0.52.Analysts expectations of $ 609.06.During the same quarter in the previous year, the company posted $0.43 EPS.

Zions Bancorporation (NASDAQ:ZION) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.14 by 22 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 12 Brokerage Firms have advised hold.

Zions Bancorporation (NASDAQ:ZION) shares are expected to touch $45.27 in the short term. This short term price target has been shared by 15 analysts. However, the standard deviation of short term price estimate has been valued at 4.42. The target price could hit $51 on the higher end and $37 on the lower end.

Zions Bancorporation (NASDAQ:ZION) rose 2.27% or 1 points on Tuesday and made its way into the gainers of the day. After trading began at $44.03 the stock was seen hitting $45.21 as a peak level and $43.8286 as the lowest level. The stock ended up at $45.08. The daily volume was measured at 2,456,460 shares. The 52-week high of the share price is $45.21 and the 52-week low is $20.08. The company has a market cap of $9,155 million.

Zions Bancorporation is a multi-bank holding company. Zions focuses on maintaining community-minded banking by strengthening its core business lines of retail banking, small and medium-sized business lending, residential mortgage and investment activities. The banks provide a wide variety of commercial and retail banking and mortgage-lending financial services. Commercial loans, lease financing, cash management, lockbox, customized draft processing, and other special financial services are provided for business and other commercial banking customers.

Zions

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