Where Zions Bancorp Stands With Analysts
Portfolio Pulse from Benzinga Insights
Zions Bancorp (NASDAQ:ZION) has seen varied analyst ratings over the last three months, with a recent shift towards more positive evaluations. The average 12-month price target has increased to $46.00, reflecting a 6.98% rise from the previous target. Analyst actions include both upgrades and downgrades, with price targets ranging from $40.00 to $48.00. Zions Bancorp, a regional U.S. bank, faces challenges in market capitalization, revenue growth, and net margin, but excels in ROE while maintaining a low debt-to-equity ratio.
March 28, 2024 | 4:00 pm
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POSITIVE IMPACT
Zions Bancorp has received mixed analyst ratings with a recent positive shift, indicating a potential for stock price increase. The average 12-month price target has been raised to $46.00, suggesting optimism among analysts. Despite facing challenges in revenue growth and net margin, Zions Bancorp's strong ROE and low debt-to-equity ratio may bolster investor confidence.
The recent positive shift in analyst ratings and the increase in the average 12-month price target suggest a potential short-term uplift in ZION's stock price. The company's strong ROE and prudent debt management are positive indicators that may counterbalance the negative impact of its revenue and net margin challenges, thus likely leading to increased investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100