Zacks Investment Research upgraded Cullen Frost Bankers, Inc. (NYSE:CFR) to Hold in a report released today.
- Updated: October 13, 2016
Zacks Investment Research has upgraded Cullen Frost Bankers, Inc. (NYSE:CFR) to Hold in a report released on 10/13/2016.
Previously on 10/7/2016, Wedbush reported on Cullen Frost Bankers, Inc. (NYSE:CFR) increased the target price from $0.00 to $68.00. At the time, this indicated a possible downside of -0.07%.
Yesterday Cullen Frost Bankers, Inc. (NYSE:CFR) traded -2.29% lower at $70.88. The company’s 50-day moving average is $71.30 and its 200-day moving average is $65.58. The last closing price is up 8.22% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 225,342 shares of the stock traded hands, down from an average trading volume of 464,043
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Cullen Frost Bankers, Inc. has a 52 week low of $42.41 and a 52 week high of $74.12 with a P/E ratio of 16.77 The company’s market cap is currently $0.
Also covering Cullen Frost Bankers, Inc.'s target, a total of 14 equity analysts have released a ratings update on CFR. The one year target is $62.93 with zero firms rating the stock a strong buy, 1 firm rating the stock a buy, 12 firms rating the stock a hold, 4 analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More 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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