Cullen/Frost Bankers Given New $90.00 Price Target at Maxim Group (CFR)
Research analysts at Maxim Group raised their price objective on shares of Cullen/Frost Bankers (NYSE:CFR) from $86.00 to $90.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Maxim Group’s price target would suggest a potential upside of 15.44% from the company’s current price.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday, June 30th. They now have a $83.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $76.00.
Shares of Cullen/Frost Bankers (NYSE:CFR) opened at 79.40 on Thursday. Cullen/Frost Bankers has a 52 week low of $68.01 and a 52 week high of $81.02. The stock has a 50-day moving average of $78.76 and a 200-day moving average of $76.43. The company has a market cap of $4.836 billion and a P/E ratio of 20.62.
Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Wednesday, July 30th. The company reported $1.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.01. During the same quarter last year, the company posted $0.94 earnings per share. On average, analysts predict that Cullen/Frost Bankers will post $4.13 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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