The shares of Zions Bancorporation, National Association (NASDAQ:ZION) has been pegged with a rating of Neutral by JP Morgan in its latest research note that was published on April 4th, 2019. The research company has also assigned a $50 price target. JP Morgan wasn’t the only research firm that published a report of Zions Bancorporation, National Association, with other equities research analysts also giving their opinion on the stock. Argus advised investors in its research note published on December 17th, 2018, to Buy the ZION stock. The stock had earned Overweight rating from Piper Jaffray when it published its report on November 7th, 2018. The stock was given Neutral rating by UBS in its report released on September 7th, 2018. Wedbush was of a view that ZION is Neutral in its latest report on May 15th, 2018 while giving it a price target of $62. Raymond James thinks that ZION is worth Outperform rating. This was contained in the firm’s report on March 15th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $54.67. The price of the stock the last time has raised by 18.51% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 33.77.
The shares of the company dipped by -2.82% during the trading session on Wednesday, reaching a low of $44.74 while ending the day at $45.13. During the trading session, a total of 2.62 million shares were traded which represents a -17.85% decline from the average session volume which is 2.22M shares. ZION had ended its last session trading at 46.44. Zions Bancorporation, National Association currently has a market cap of $8.20B, while its P/E ratio stands at 11.16, while its P/E earnings growth sits at 3.19, with a beta of 1.49. Zions Bancorporation, National Association debt-to-equity ratio currently stands at 0.17, while its quick ratio hovers at . ZION 52-week low price stands at $38.08 while its 52-week high price is $59.19.
The company in its last quarterly report recorded $1.04 earnings per share which is below the $1.05 predicted by most analysts. The Zions Bancorporation, National Association generated $708.00 million in revenue during the last quarter, which is slightly lower than the $715.38 million predicted by analysts. In the second quarter last year, the firm recorded $1.08 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -3.85%. Zions Bancorporation, National Association has the potential to record 4.04 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Goldman published a research note on April 15th, 2019 where it informed investors and clients that Nokia Corporation (NYSE:NOK) is now rated as Sell. Argus also rated NOK as Initiated on December 17th, 2018, with its price target of suggesting that NOK could surge by 27.06% from its current share price. Even though the stock has been trading at $4.77/share, analysts expect it to surge higher by 0.00% to reach $6.54/share. It started the day trading at $4.80 and traded between $4.71 and $4.77 throughout the trading session.
A look at its technical shows that NOK’s 50-day SMA is 5.69 while its 200-day SMA stands at 5.71. At the moment, only of Nokia Corporation shares were sold short. The company’s average trading volume currently stands at 25.37M shares, which means that the short-interest ratio is just 1.75 days. Over the past seven days, the company moved, with its shift of -4.22%. Looking further, the stock has dropped -24.53% over the past 90 days while it lost -18.74% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. AllianceBernstein LP bought more NOK shares, increasing its portfolio by +1.72% during the last quarter. This move now sees AllianceBernstein LP purchasing 609,585 shares in the last quarter, thus it now holds 36,114,736 shares of NOK, with a total valuation of $190,685,806. Mackenzie Financial Corp meanwhile sold more NOK shares in the recently filed quarter, changing its stake to $135,308,701 worth of shares. Folketrygdfondet followed the path by increasing its NOK portfolio by +22.97% in the quarter. This means that Folketrygdfondet bought 4,000,000 shares in the last quarter and now controls 21,414,870 shares of the NOK stock, with the valuation hitting $113,070,514.
Similarly, Arrowstreet Capital LP increased its Nokia Corporation shares by +70.30% during the recently filed quarter. After buying 8,628,014 shares in the last quarter, the firm now controls 20,901,075 shares of Nokia Corporation which are valued at $110,357,676. In the same vein, TIAACREF Investment Management L increased its Nokia Corporation shares by during the most recent reported quarter. The firm bought 11,585,459 shares during the quarter which increased its stakes to 15,789,592 shares and is now valued at $83,369,046. Following these latest developments, around of Nokia Corporation stocks are owned by institutional investors and hedge funds.