How Worried Should Investors Be About Zions Bancorporation N.A (ZION)

Zions Bancorporation N.A (NASDAQ:ZION) does about 2.70M shares in volume on a normal day but saw 1345794 shares change hands in Tuesday’s trading. The company now has a market cap of 6.58B USD. Its current market price is $44.55, marking an increase of 1.39% compared to the previous close of $43.94. The 52 week high reached by this stock is $46.15 whilst the lowest price level in 52 weeks is $22.49.

Zions Bancorporation N.A (ZION) has a 20-day trading average at $42.29 and the current price is -3.47% off the 52-week high compared with 98.09% distance from its 52-week low. The 50-day simple moving average of the closing price is $41.76 and its 200-day simple moving average is $38.54. If we look at the stock’s price movements over the week, volatility stands at 1.75%, which increases to 2.45% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.97 to suggest the stock is neutral.

The consensus objective for the share price is $45.45, suggesting that the stock has a potential upside of 1.98% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 10, 2024 when Deutsche Bank initiated the stock to “Hold” and issued a price target of $47. Truist downgraded the stock to “Hold” from Buy on January 05, 2024 at a price target of $51-$46. Robert W. Baird downgraded its price target at $45.

Zions Bancorporation N.A (ZION) stock is up 1.69% over the week and 10.24% over the past month. Its price is 1.55% year-to-date and 98.62% over the past year.

To reach the target analysts have set, the stock logically needs to grow 1.98 percent from here.

The company has a return on investment of 8.96% and return on equity of 11.33%. The price to earnings ratio (P/E ratio) amounts to 11.18 while the forward price to earnings ratio is 9.56. The beta has a value of 1.11. Price to book ratio is 1.22 and price to sales ratio is 1.38.