Barclays Maintains Their Hold Rating on Cullen/Frost Bankers (CFR)


In a report issued on October 26, Matthew Keating from Barclays maintained a Hold rating on Cullen/Frost Bankers (NYSE: CFR), with a price target of $109. The company’s shares opened today at $94.09, close to its 52-week low of $90.02.

According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.8% and a 54.1% success rate. Keating covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, Dime Community Bancshares, and Texas Capital Bancshares.

Currently, the analyst consensus on Cullen/Frost Bankers is a Hold with an average price target of $108.90, a 15.7% upside from current levels. In a report issued on October 25, Piper Jaffray also maintained a Hold rating on the stock with a $103.50 price target.

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The company has a one-year high of $121.66 and a one-year low of $90.02. Currently, Cullen/Frost Bankers has an average volume of 411.8K.

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Cullen/Frost Bankers, Inc. operates as a bank holding company of Frost Bank, which engages in the provision of commercial and consumer banking services, as well as trust and investment management, mutual funds, investment banking, insurance, brokerage, leasing, asset-based lending, treasury management and item processing services.

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