Deutsche Bank lifted their target price on shares of Zions Bancorporation (NASDAQ:ZION) from $26.00 to $28.00 in a research note issued on Wednesday, Analyst Ratings Network reports. Deutsche Bank’s price objective indicates a potential downside of 6.85% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Zions Bancorporation from $27.00 to $32.00 in a research note to investors on Wednesday. Separately, analysts at SunTrust raised their price target on shares of Zions Bancorporation from $31.00 to $36.00 in a research note to investors on Tuesday. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Zions Bancorporation from $21.00 to $22.00 in a research note to investors on Tuesday. They now have an “underperform” rating on the stock.
One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $28.30.
Shares of Zions Bancorporation (NASDAQ: ZION) traded up 0.54% during mid-day trading on Wednesday, hitting $30.06. Zions Bancorporation has a 52 week low of $17.81 and a 52 week high of $31.40. The stock’s 50-day moving average is currently $28.76. The company has a market cap of $5.539 billion and a P/E ratio of 22.84.
Zions Bancorporation (NASDAQ:ZION) last announced its earnings results on Monday, July 22nd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.03. 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 $1.79 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.
