There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Cullen/Frost Bankers (NYSE:CFR) and JMP Group (NYSE:JMP) with bullish sentiments.
Cullen/Frost Bankers (CFR)
In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on Cullen/Frost Bankers, with a price target of $115. The company’s shares opened today at $93.08, close to its 52-week low of $90.02.
Diana commented:
“3Q18 EPS of $1.78 beat consensus of $1.72, with a wider NIM (up 2bps linked- quarter) and improved credit quality.”
According to TipRanks.com, Diana is a 4-star analyst with an average return of 3.7% and a 52.8% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
Cullen/Frost Bankers has an analyst consensus of Hold, with a price target consensus of $119.17.
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JMP Group (JMP)
In a report released today, Alexander Paris from Barrington reiterated a Buy rating on JMP Group, with a price target of $8. The company’s shares opened today at $5.05.
Paris noted:
“We would note that our estimates are designed to be conservative, particularly given the recent market volatility and its potential impact on JMP’s ECM business if it were to persist. If markets stabilize, as we expect, there would likely be upside to our estimates.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 5.1% and a 49.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Grand Canyon Education.
Currently, the analyst consensus on JMP Group is a Moderate Buy with an average price target of $8.
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