Investment firm Baird has adjusted its price target for Zions Bancorp (ZION, Financial), lowering it from $58 to $55. Despite the adjustment, Baird maintains a Neutral stance on the bank's shares.
This decision follows the firm's analysis of Zions Bancorp's first-quarter results. The company reported that its pre-provision net revenue (PPNR) aligned with expectations. Although the guidance offered was slightly reduced, it was considered to be within reasonable limits.
Investors may want to take note of these updates as they provide insight into Baird's current evaluation of Zions Bancorp's financial outlook and market performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Zions Bancorp NA (ZION, Financial) is $57.82 with a high estimate of $65.00 and a low estimate of $52.00. The average target implies an upside of 32.56% from the current price of $43.62. More detailed estimate data can be found on the Zions Bancorp NA (ZION) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Zions Bancorp NA's (ZION, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Zions Bancorp NA (ZION, Financial) in one year is $53.26, suggesting a upside of 22.1% from the current price of $43.62. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Zions Bancorp NA (ZION) Summary page.
