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Stock analysts at RBC Capital increased their price target on shares of Cullen/Frost Bankers (NYSE:CFR) from $74.00 to $78.00 in a report issued on Thursday, American Banking News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target indicates a potential downside of 1.64% from the company’s current price.

Cullen/Frost Bankers (NYSE:CFR) traded down 0.08% during mid-day trading on Thursday, hitting $79.24. The stock had a trading volume of 136,618 shares. Cullen/Frost Bankers has a one year low of $59.11 and a one year high of $80.03. The stock’s 50-day moving average is $76.98 and its 200-day moving average is $73.75. The company has a market cap of $4.814 billion and a P/E ratio of 20.87.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by $0.02. During the same quarter in the previous year, the company posted $0.91 earnings per share. Analysts expect that Cullen/Frost Bankers will post $4.10 EPS for the current fiscal year.

A number of other firms have also recently commented on CFR. Analysts at Keefe, Bruyette & Woods upgraded shares of Cullen/Frost Bankers from an “underperform” rating to a “market perform” rating in a research note on Thursday. They now have a $76.00 price target on the stock. Separately, analysts at S&P Equity Research downgraded shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. They now have a $75.00 price target on the stock. Finally, analysts at Macquarie raised their price target on shares of Cullen/Frost Bankers from $70.00 to $75.00 in a research note on Monday, April 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $71.69.

Cullen/Frost Bankers, Inc (NYSE:CFR) is a financial holding company and a bank holding company.

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