Morgan Stanley Reaffirms Their Buy Rating on Zions Bancorporation National Association (ZION)

In a report released today, Manan Gosalia from Morgan Stanley maintained a Buy rating on Zions Bancorporation National Association, with a price target of $62.45.

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Gosalia covers the Financial sector, focusing on stocks such as Citigroup, Fifth Third Bancorp, and Zions Bancorporation National Association. According to TipRanks, Gosalia has an average return of 8.0% and a 57.78% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Zions Bancorporation National Association with a $67.30 average price target.

Based on Zions Bancorporation National Association’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.18 billion and a net profit of $233 million. In comparison, last year the company earned a revenue of $1.2 billion and had a net profit of $170 million

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZION in relation to earlier this year. Last month, Jennifer Anne Smith, the EVP of ZION sold 4,209.00 shares for a total of $263,062.50.