Cullen/Frost Bankers (CFR) Scheduled to Post Quarterly Earnings on Thursday

Cullen/Frost Bankers (NYSE:CFR) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $2.17 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR opened at $129.76 on Wednesday. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.56 and a beta of 1.00. Cullen/Frost Bankers has a one year low of $88.86 and a one year high of $133.03. The business has a fifty day simple moving average of $114.08 and a 200 day simple moving average of $108.43. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06.

Analyst Ratings Changes

CFR has been the topic of a number of analyst reports. Stephens upped their target price on shares of Cullen/Frost Bankers from $116.00 to $131.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Morgan Stanley lowered their price objective on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating on the stock in a research note on Monday, September 30th. Wedbush cut their target price on Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Evercore ISI lowered their price target on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Citigroup cut their price objective on Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating for the company in a report on Monday, September 30th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $121.31.

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.