Brokerage Firm Rating Update on Zions Bancorporation (ZION)

Zions Bancorporation (ZION) : The consensus on Zions Bancorporation (ZION) based on 20 analyst recommendation on the company stock is 1.93, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Zions Bancorporation (ZION).

Zions Bancorporation (ZION) has been rated by 19 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $36 and the lowest price target forecast is $24. The average forecast of all the analysts is $31.05 and the expected standard deviation is $3.15.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Credit Suisse maintains the rating on Zions Bancorporation (NASDAQ:ZION). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $30 per share to $32 per share. The rating by the firm was issued on August 16, 2016.

Zions Bancorporation (NASDAQ:ZION): The stock opened at $30.4 and touched an intraday high of $30.615 on Wednesday. During the day, the stock corrected to an intraday low of $30.05, however, the bulls stepped in and pushed the price higher to close in the green at $30.58 with a gain of 0.63% for the day. The total traded volume for the day was 1,802,171. The stock had closed at $30.39 in the previous trading session.

Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31, 2014. The Company provides banking and related services through its banking and other subsidiaries, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.

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