Cullen/Frost Bankers Price Target Increased to $63.00 by Analysts at BMO Capital Markets (CFR)
Equities researchers at BMO Capital Markets hoisted their price target on shares of Cullen/Frost Bankers (NYSE:CFR) from $60.00 to $63.00 in a research report issued on Tuesday, AR Network reports. The firm currently has an “underperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential downside of 9.05% from the stock’s previous close.
Shares of Cullen/Frost Bankers (NYSE:CFR) traded down 0.49% on Tuesday, hitting $69.27. The stock had a trading volume of 367,155 shares. Cullen/Frost Bankers has a 52-week low of $53.37 and a 52-week high of $76.36. The stock’s 50-day moving average is $70.70 and its 200-day moving average is $67.09. The company has a market cap of $4.183 billion and a P/E ratio of 18.41.
Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Wednesday, July 24th. The company reported $0.94 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.95 by $0.01. During the same quarter last year, the company posted $0.94 earnings per share. Analysts expect that Cullen/Frost Bankers will post $3.79 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cullen/Frost Bankers in a research note to investors on Tuesday. They now have a $73.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Cullen/Frost Bankers from $65.00 to $67.00 in a research note to investors on Friday, August 16th. They now have an “underperform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Cullen/Frost Bankers from $60.00 to $63.00 in a research note to investors on Wednesday, August 14th. They now have an “underperform” rating on the stock. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $65.77.
Cullen/Frost Bankers, Inc (NYSE:CFR) is a financial holding company and a bank holding company.
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