Cullen/Frost Bankers (NYSE:CFR) Price Target Cut to $145.00 by Analysts at Raymond James Financial

Key Points

• Analysts at Raymond James Financial cut their price target for Cullen/Frost Bankers from $150.00 to $145.00, while maintaining an "outperform" rating on the stock, indicating a potential upside of 15.99% from its current price.
• Other analysts have issued mixed ratings, with Stephens raising their target to $141.00 and Jefferies starting coverage with an "underperform" rating and a target of $105.00.
• Cullen/Frost Bankers reported earnings of $2.39 EPS for the last quarter, surpassing analysts' expectations, alongside revenue of $567.83 million, exceeding estimates of $552.04 million.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) had its price objective lowered by analysts at Raymond James Financial from $150.00 to $145.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the bank's stock. Raymond James Financial's price objective points to a potential upside of 15.99% from the company's current price.

Other research analysts have also issued research reports about the stock. Stephens raised their price objective on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Royal Bank Of Canada decreased their price target on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Evercore ISI upgraded shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target for the company in a research note on Friday, May 2nd. Jefferies Financial Group started coverage on Cullen/Frost Bankers in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price objective on the stock. Finally, Barclays decreased their target price on Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating for the company in a report on Friday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Cullen/Frost Bankers has an average rating of "Hold" and a consensus price target of $133.71.

Cullen/Frost Bankers Trading Up 0.6%

Shares of NYSE CFR traded up $0.81 during trading on Monday, reaching $125.01. The stock had a trading volume of 45,202 shares, compared to its average volume of 433,700. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $8.04 billion, a P/E ratio of 13.44, a PEG ratio of 2.63 and a beta of 0.70. Cullen/Frost Bankers has a fifty-two week low of $100.31 and a fifty-two week high of $147.64. The business's 50-day moving average price is $130.84 and its 200-day moving average price is $128.63.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its earnings results on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.11. The company had revenue of $567.83 million during the quarter, compared to analysts' expectations of $552.04 million. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%. During the same period last year, the business posted $2.21 EPS. On average, equities research analysts predict that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several hedge funds have recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management purchased a new stake in shares of Cullen/Frost Bankers during the 1st quarter worth approximately $30,000. eCIO Inc. purchased a new position in shares of Cullen/Frost Bankers in the 1st quarter valued at $36,000. Geneos Wealth Management Inc. raised its stake in Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank's stock worth $46,000 after acquiring an additional 106 shares in the last quarter. UMB Bank n.a. lifted its position in Cullen/Frost Bankers by 59.6% in the first quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after acquiring an additional 146 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Cullen/Frost Bankers in the first quarter valued at $57,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.

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