A statement released earlier today by Wedbush about Cullen Frost (NYSE:CFR) ups the target price to $68.00
- Updated: October 6, 2016
Having a price of $72.89, Cullen Frost (NYSE:CFR) traded 0.05% higher on the day. The last closing price is up 11.98% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. Cullen Frost has recorded a 50-day average of $71.05 and a two hundred day average of $65.09. Volume of trade was down over the average, with 332,993 shares of CFR changing hands under the typical 471,098
Cullen Frost (NYSE:CFR) had its price target upped to $68.00 by Wedbush in an issued report announced 10/7/2016. The latest stock price target implies a possible downside of -0.07% from the company's last closing price.
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Cullen Frost has 52 week low of $42.41 and a 52 week high of $74.12 with a PE ratio of 17.22 and has a market cap of $0.
Also covering Cullen Frost's price target, a total of 14 analysts have released a report on the company. The average stock price target is $62.93 with zero firms rating the stock a strong buy, 1 analyst rating the company a buy, 12 brokerages rating the stock a hold, four brokerages rating the company a underperform, and lastly 0 brokers rating the stock a sell.
Brief Synopsis On Cullen Frost (NYSE:CFR)
Cullen/Frost Bankers, Inc. is a financial holding and bank holding company. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services. It serves various industries, such as energy, manufacturing, services, construction and retail. It operates through two segments, which include Banking and Frost Wealth Advisors. Its Banking segment includes both commercial and consumer banking services, Frost Insurance Agency and Frost Securities. Its Banking segment offers commercial banking services, such as lending and cash management products to corporations and other business clients. Its Frost Wealth Advisors segment includes fee-based services within private trust, retirement services and financial management services, including personal wealth management and securities brokerage services.
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