Zions Bancorp ZION underwent analysis by 19 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 16 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 10 | 1 | 0 |
| 2M Ago | 0 | 1 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $55.16, a high estimate of $62.00, and a low estimate of $49.00. This current average has increased by 4.29% from the previous average price target of $52.89.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Zions Bancorp among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mike Mayo | Wells Fargo | Raises | Equal-Weight | $62.00 | $54.00 |
| John Pancari | Evercore ISI Group | Raises | Outperform | $61.00 | $56.00 |
| David Rochester | Compass Point | Raises | Neutral | $54.00 | $49.00 |
| Jennifer Demba | Truist Securities | Raises | Hold | $57.00 | $52.00 |
| Jason Goldberg | Barclays | Raises | Underweight | $52.00 | $47.00 |
| Ken Zerbe | Morgan Stanley | Raises | Equal-Weight | $56.00 | $54.00 |
| Mike Mayo | Wells Fargo | Raises | Equal-Weight | $54.00 | $50.00 |
| David Chiaverini | Wedbush | Raises | Neutral | $55.00 | $52.00 |
| Christopher Mcgratty | Keefe, Bruyette & Woods | Raises | Market Perform | $56.00 | $53.00 |
| Jon Arfstrom | RBC Capital | Raises | Sector Perform | $57.00 | $55.00 |
| Ryan Nash | Goldman Sachs | Raises | Neutral | $59.00 | $52.00 |
| Terry McEvoy | Stephens & Co. | Raises | Equal-Weight | $55.00 | $53.00 |
| David George | Baird | Raises | Neutral | $55.00 | $52.00 |
| Steven Alexopoulos | JP Morgan | Lowers | Neutral | $54.00 | $58.00 |
| John Pancari | Evercore ISI Group | Lowers | Outperform | $56.00 | $58.00 |
| Ken Zerbe | Morgan Stanley | Announces | Equal-Weight | $54.00 | - |
| Jennifer Demba | Truist Securities | Lowers | Hold | $52.00 | $54.00 |
| Ken Usdin | Jefferies | Lowers | Hold | $49.00 | $51.00 |
| Mike Mayo | Wells Fargo | Lowers | Equal-Weight | $50.00 | $52.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Zions Bancorp. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Zions Bancorp compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
To gain a panoramic view of Zions Bancorp's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Zions Bancorp analyst ratings.
All You Need to Know About Zions Bancorp
Zions Bancorporation is a regional US bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the bulk of its loans focused on commercial and commercial real estate lending.
Zions Bancorp: Financial Performance Dissected
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Zions Bancorp showcased positive performance, achieving a revenue growth rate of 3.53% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Zions Bancorp's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 25.51%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.5%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Zions Bancorp's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.23%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.09.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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