Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Zions Bancorporation from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Raymond James raised their price target on shares of Zions Bancorporation from $27.00 to $29.00 in a research note to investors on Friday, February 15th. Finally, analysts at SunTrust raised their price target on shares of Zions Bancorporation from $26.50 to $27.00 in a research note to investors on Tuesday, February 12th. They now have a “buy” rating on the stock.
Shares of Zions Bancorporation traded up 0.75% during mid-day trading on Monday, hitting $24.22. Zions Bancorporation has a one year low of $17.45 and a one year high of $24.92. The stock’s 50-day moving average is currently $23.49. The company has a market cap of $4.461 billion and a P/E ratio of 23.73.
Zions Bancorporation last posted its quarterly earnings results on Monday, January 28th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.22. During the same quarter in the prior year, the company posted $0.30 earnings per share. On average, analysts predict that Zions Bancorporation will post $1.73 earnings per share for the current fiscal year.
Zions Bancorporation is a financial holding company. The Company focuses on providing community banking services by continuously strengthening 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; trust and wealth management, and investment activities.
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