Cullen/Frost Bankers Hits New 52-Week High at $81.02 (CFR)
Shares of Cullen/Frost Bankers (NYSE:CFR) hit a new 52-week high on Tuesday , AnalystRatings.NET reports. The stock traded as high as $81.02 and last traded at $80.64, with a volume of 191,666 shares changing hands. The stock had previously closed at $79.42.
A number of research firms have recently commented on CFR. Analysts at Zacks reiterated a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday. They now have a $83.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “positive” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, April 30th. Finally, analysts at Jefferies Group raised their price target on shares of Cullen/Frost Bankers from $73.00 to $75.00 in a research note on Friday, April 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.14.
The stock has a 50-day moving average of $76.97 and a 200-day moving average of $75.71. The company has a market cap of $4.883 billion and a P/E ratio of 20.63.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.96 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.98 by $0.02. During the same quarter in the prior year, the company posted $0.91 earnings per share. On average, analysts predict that Cullen/Frost Bankers will post $4.12 earnings per share for the current fiscal year.
Cullen/Frost Bankers, Inc (NYSE:CFR) is a financial holding company and a bank holding company.
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