Comparison To Peers: Signet Jewelers Limited (SIG), Zions Bancorporation National Association (ZION)

You should consider shares of Signet Jewelers Limited (NYSE:SIG) and Zions Bancorporation National Association (NASDAQ:ZION) if you are looking for a great stocks to invest in. Starting with the SIG shares, which traded at $21.49 at the close of the recent session, gaining 2.33%. On Wednesday, the company’s shares shed $0.49 from its value which represented in intraday trading. The stock is now -1.15% lower in year-to-date (YTD) trading. SIG’s intraday high was $21.68 while its lowest price touched $20.40. The stock’s 52-week high price is $34.62, which means the current price is at -37.93%. In terms of trading activity, the daily trading volume fell to 2028844 against 200-day average trading volume of 2,357,067 shares.

What are analyst forecasts for Signet Jewelers Limited (NYSE:SIG)?

At a consensus rating of 3.00, SIG is trending as a streaking Hold, as it has been the case a month ago when 5 analysts called it a Hold. Two months ago, 5 analysts recommended, on average, that SIG stock is a Hold. The Services company’s shares’ overall bullish trend saw it close higher on Wednesday compared to its opening price of $20.78 on the day.

Forecasts for Signet Jewelers Limited (NYSE:SIG) give the stock a fair value for the growth of -34.31% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $16.00, which means the price per share could fall by nearly -$5.49. The price range target is between a low of $12.00 and a high of $20.00. The stock would need to loss by about $-7.45 to hit the estimated high or 0.48% from its 12-month low.

The consensus among 5 analysts is that it is a good time for one to Underweight in the Signet Jewelers Limited. 0 analysts rate SIG as a Buy, with 2 of 5 analysts rate it as a Sell. 0 have valued the stock as Overweight and 3 have recommended that investors Hold.

Signet Jewelers Limited (NYSE:SIG) Upgrades and Downgrades

In terms of rating changes, Wells Fargo on January 02, 2020, Downgrade Signet Jewelers Limited (SIG) at Underweight. They believe the stock could reach $12 in the near term. Analysts at Telsey Advisory Group have assigned a Outperform rating for the stock in their research note on December 06, 2019 with an estimated price target of $20. Moreover, Telsey Advisory Group analysts issued a rating of Market Perform for the stock on June 06, 2019, giving it a price target of $22 for the next 12 months. On June 03, 2019, the stock earned a Market Perform rating due to an analyst call from Telsey Advisory Group, while analysts from Telsey Advisory Group on January 18, 2019 suggested that the stock is Market Perform.

Zions Bancorporation National Association (NASDAQ:ZION) adds -$1.05 on Wednesday

The ZION stock has tanked -2.99% year-to-date and is currently trading at $50.37, which is -4.02% below its 52-week high. The company shares lost -2.04% on the day and have risen nearly 28.79% off a low hit. At current levels, Zions Bancorporation National Association has a valuation of about $2.69B. As of 01/15/20, this stock has fallen -1.74% during the week and closed at $51.42 in the previous session. However, recent Zions Bancorporation National Association stock performance shows that ZION shares are -1.52% down over the last month, and 12.53% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.05, with the trailing 12-month share earnings at $4.28. The ratio is expected to be up by 4.70% for the current year 2019 and 4.00% for next year. Over the next 5-year period, earnings per share will be 5.50%. But will the ZION stock surprise in the current quarter results, where the $1.17 actual EPS reported on 9/29/2019 surprised by 8.30% or was higher by $0.09 from the estimated $1.08.

Sales Growth to decline -1.10% for the year

How well will Zions Bancorporation National Association perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $687M and $713.5M in current quarter sales. The consensus estimated for the current quarter is $705.56M from sales. Forecasts for this fiscal year are between $2.82B and $2.87B and the consensus estimate for sales is at $2.84B. ZION has its next quarter sales estimates at between $672.78M and $701.7M, with the quarter-over-quarter growth estimates at -2.40% and the annual growth forecast for the year at -1.10%.

Who owns shares in Zions Bancorporation National Association (ZION)?

Let’s briefly focus on the share ownership of the Zions Bancorporation National Association (NASDAQ:ZION) stock, where we find that 100.98% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 21.43 million shares or 12.57% of shares outstanding. Blackrock Inc. and Invesco Ltd. held 13.93 million and 10.79 million representing 8.17% and 6.33% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 9.63 million shares at over 428.54 million. This represented 5.65% of shares outstanding. Wellington Management Company, LLP held 7.22 million shares at over 321.34 million representing 4.23% of shares outstanding.

ZION Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Zions Bancorporation National Association (ZION), a total of 101106 shares have been sold by insiders over the last 6 months while 79147 shares were added in the same time span. On 11/07/2019, President by the name Mclean Scott J sold 16500.0 shares worth $845100.0 at the price of $51.22 per share. Filings also show that Mclean Scott J bought a total of 20097.0 shares on 11/07/2019 valued at $421800.0. Since the last insider activity, the company’s share price has dropped -1.31%.