A statement released earlier today by Zacks Investment Research about Cullen Frost Bankers, Inc. (NYSE:CFR) bumps the target price to $81.00
- Updated: October 3, 2016
Boasting a price of $71.43, Cullen Frost Bankers, Inc. (NYSE:CFR) traded -0.31% lower on the day. With the last stock price close up 10.84% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cullen Frost Bankers, Inc. has recorded a 50-day average of $70.85 and a two hundred day average of $64.70. Volume of trade was down over the average, with 432,640 shares of CFR changing hands under the typical 472,780
Stating a potential upside of 0.13%, Zacks Investment Research upped the price target of Cullen Frost Bankers, Inc. (NYSE:CFR) to $81.00
On Thursday July 07, 2016, JP Morgan released a statement for Cullen Frost Bankers, Inc. (NYSE:CFR) bumped up the target price from $55.00 to $58.00 that suggested a downside of -0.07%.
With a total market value of $0, Cullen Frost Bankers, Inc. has price-earnings ratio of 16.95 with a one year low of $42.41 and a one year high of $73.99 .
A total of 14 equity analysts have released a ratings update on CFR. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, twelve equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $62.93.
Brief Synopsis About Cullen Frost Bankers, Inc. (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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