.jpg "Cullen/Frost Bankers (NYSE: CFR)")
In a report released yesterday, Matthew Keating from Barclays maintained a Hold rating on Cullen/Frost Bankers (CFR), with a price target of $105. The company’s shares opened today at $93.
According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.1% and a 53.0% success rate. Keating covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Union Bankshares Corporation, and Dime Community Bancshares.
The word on The Street in general, suggests a Hold analyst consensus rating for Cullen/Frost Bankers with a $104.75 average price target, implying a 12.6% upside from current levels. In a report released yesterday, Merrill Lynch also downgraded the stock to Hold with a $96 price target.
.
See today’s analyst top recommended stocks >>
Cullen/Frost Bankers’ market cap is currently $5.98B and has a P/E ratio of 14.24. The company has a Price to Book ratio of 1.89.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CFR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
