Cullen/Frost Bankers (CFR) has an average broker rating of 3.33, which is interpreted as a Hold, as rated by 15 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Cullen/Frost Bankers (CFR) : 14 Wall Street analysts covering Cullen/Frost Bankers (CFR) believe that the average level the stock could reach for the short term is $61.86. The maximum price target given is $70 and the minimum target for short term is around $48, hence the standard deviation is calculated at $6.87.
Cullen/Frost Bankers (NYSE:CFR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.70 and $59.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $61.35, notching a gain of 1.25% for the day. The total traded volume was 392,142 . The stock had closed at $60.59 on the previous day.
Also, In the latest statement by the brokerage house, Evercore ISI Group upgrades its outlook on Cullen/Frost Bankers (NYSE:CFR). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Sell. The rating by the firm was issued on June 9, 2016. The company shares have dropped -17.45% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $80.23 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $64.18 and the 200 Day Moving Average price is recorded at $57.16.
Cullen/Frost Bankers, Inc. (Cullen/Frost) is a financial holding and a bank holding company. The Company, through its subsidiaries, offers commercial and consumer banking services, trust and investment management, mutual funds, investment banking, insurance, brokerage, leasing, treasury management and item processing services. The Company serves industries, including energy, manufacturing, services, construction, retail, telecommunications, healthcare, military and transportation, among others. The Company operates in two segments: Banking and Frost Wealth Advisors. The Banking segment includes commercial and consumer banking services, Frost Securities, Inc. and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients. Consumer banking services include direct lending and depository services. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services and financial management services.