Zions Bancorporation (ZION) Receives ‘Analyst’ Rating

Zions Bancorporation (ZION) : 20 analysts are covering Zions Bancorporation (ZION) and their average rating on the stock is 1.93, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Zions Bancorporation (ZION) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Zions Bancorporation (ZION) : 19 Wall Street analysts covering Zions Bancorporation (ZION) believe that the average level the stock could reach for the short term is $31.47. The maximum price target given is $36 and the minimum target for short term is around $24, hence the standard deviation is calculated at $3.52.


Also, In a research note released to the investors, Credit Suisse maintains its rating on Zions Bancorporation (NASDAQ:ZION).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Credit Suisse raises the new 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): After opening at $30.05, the stock dipped to an intraday low of $29.91 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.44 and the buying power remained strong till the end. The stock closed at $30.35 for the day, a gain of 1.03% for the day session. The total traded volume was 2,731,061. The stocks close on the previous trading day was $30.04.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.