Do Analysts Like Or Dislike Zions Bancorporation, National Association (ZION) and Valley National Bancorp (VLY)

Looking at top Wall Street opinions, Zions Bancorporation, National Association (NASDAQ: ZION) has recently made its way into the research list of Wells Fargo – signaling that their analyst’s rating adjustment is noteworthy. This stock was downgraded to a rating of Market Perform in the eyes of Wells Fargo, whereas its previous rating was Outperform in the eyes of Wells Fargo, as reported on Tuesday, July 23rd, 2019. Another heavy-hitting research note was published by Keefe Bruyette on Tuesday July 23rd, 2019, with this firm downgrading ZION to an updated rating of Mkt Perform from its previous rating of Outperform. In the past six months and three months of trading, shares of Zions Bancorporation, National Association (ZION) have moved by -17.34% and -11.20%, respectively.

Brokerage Updates Related to Zions Bancorporation, National Association (ZION) Stock

This publicly-traded organization generated losses of -1.86% over the last 5 sessions. Right now, this stock is the subject of 25 analysts’ evaluations, who – on average – have given this company’s shares a Buy rating. Not a Single analyst have given underperform rating or sell rating, and 7 have given a rating of Buy or better. Based on the 25 stock market experts following this company, the average 12-month price target is $49.83. Moreover, individual price targets range between $49.00-$69.00. With its recent move to $59.00, we can see that these firms project this stock will loss by -22.28% in one year.

Updates from Zions Bancorporation, National Association (ZION) SEC Form 4

This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 1.10% rise since the beginning of the calendar year.

Zions Bancorporation, National Association (NASDAQ:ZION) Results in the Pipeline

The next scheduled release of financial results for Zions Bancorporation, National Association will be for the Jun-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $1.10. In the same vein, they expect sales for the quarter to amount to $725.27 million.

Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $701.00 million in revenue alongside EPS at $0.99. On average, the analyst projection was calling for $708.00 million with $1.04 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $716.00 million, with earnings per share ending up at $1.08.

Valley National Bancorp (NASDAQ:VLY) experienced a gain of 1.06% from the closing price in the previous trading day. That boost the price to $10.52 per share, as observed on January 1st, 1970, at a time when the total trading volume reached 1,666,995 shares of stock – compared to the typical average of 1.79M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $11.63.

Pricing Indications for Valley National Bancorp (VLY)

This organization has had a price-to-earnings ratio of 10.89 in the last year. Meanwhile, it gained 10.59 from its observable 50-day simple moving average. Right at this moment, the per-share value is 3.15% higher than the mean per-share price over the last 200 days in the market.

Valley National Bancorp (NASDAQ:VLY) In-Depth Brokerage Insights

We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 0 have a Buy rating, 5 have an outperform rating, while 4 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.40, based on information from Thomson Reuters.

VLY Stock Value Potential

In trading activity as of late, this stock’s value was 10.20 up from its 200 day moving average, while also -0.57% down when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $11.00-$13.00. The market value for the entire organization reached 3.50B. In the last trading session, the price ended the day at $10.41. The institutional holdings related to this organization account for 1.50%, and the Beta factor is now 1.25. This company’s RSI (Relative Strength Index) managed to hit 46.36.

Valley National Bancorp (NASDAQ:VLY) Analyst Points of Focus

Valley National Bancorp (VLY) has found itself inside of Citigroup’s research list, so their analyst rating adjustment is worth taking note of. This stock was Initiated to Neutral, by Citigroup, as garnered from a news report on Monday June 18th, 2018. An additional helpful research note was sent out by Sandler O’Neill’s on Thursday April 26th, 2018. The brokerage decided to upgrade VLY to Buy from its previous rating of Hold.