JPMorgan Chase & Co. Lowers Cullen/Frost Bankers (NYSE:CFR) Price Target to $130.00

Cullen/Frost Bankers (NYSE:CFR) had its price target decreased by analysts at JPMorgan Chase & Co. from $140.00 to $130.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 27.87% from the company’s current price.

A number of other research firms also recently weighed in on CFR. Evercore ISI dropped their target price on Cullen/Frost Bankers from $109.00 to $100.00 and set an “underperform” rating for the company in a research report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $126.00 price objective on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. StockNews.com upgraded Cullen/Frost Bankers to a “sell” rating in a research report on Saturday, May 4th. Jefferies Financial Group boosted their price objective on Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Wedbush restated a “neutral” rating and set a $115.00 target price on shares of Cullen/Frost Bankers in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $115.69.

Cullen/Frost Bankers Stock Up 2.3 %

CFR stock opened at $101.67 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $6.53 billion, a PE ratio of 12.02, a PEG ratio of 1.24 and a beta of 1.02. Cullen/Frost Bankers has a twelve month low of $82.25 and a twelve month high of $120.31. The stock has a 50-day simple moving average of $103.05 and a two-hundred day simple moving average of $105.96.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, topping the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. The company had revenue of $522.74 million during the quarter, compared to analyst estimates of $510.09 million. During the same quarter in the previous year, the firm earned $2.70 earnings per share. On average, equities analysts predict that Cullen/Frost Bankers will post 8.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new position in shares of Cullen/Frost Bankers during the fourth quarter valued at $33,000. Arvest Investments Inc. bought a new position in shares of Cullen/Frost Bankers during the fourth quarter valued at $35,000. CWM LLC lifted its holdings in shares of Cullen/Frost Bankers by 46.5% during the first quarter. CWM LLC now owns 334 shares of the bank’s stock valued at $38,000 after purchasing an additional 106 shares in the last quarter. GAMMA Investing LLC bought a new position in Cullen/Frost Bankers in the fourth quarter valued at about $43,000. Finally, Whittier Trust Co. lifted its holdings in Cullen/Frost Bankers by 90.7% in the first quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock valued at $44,000 after acquiring an additional 186 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

About Cullen/Frost Bankers

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.