Cullen/Frost Bankers – Consensus indicates 6.4% upside potential
Cullen/Frost Bankers with ticker code (CFR) now have 12 total analysts covering the stock. The consensus rating is ‘Underperform’. The target price ranges between 162 and 130 by calculating the average target price we see 143.92. Now, with the previous closing price of 135.29, this would imply an upside potential of 6.4%. The 50-day moving average is 136.97 while the 200-day moving average is 123.63. The company’s market capitalization is $8,525 million. Visit the company’s website at: https://www.frostbank.com
The potential market capitalization would be $9,069 million based on market consensus.
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Cullen/Frost Bankers operates as a bank holding company for Frost Bank which provides commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The Company provides commercial banking services to corporate and other commercial clients, including industrial and commercial property financing, industrial and commercial property-related interim construction, equipment, inventory and accounts receivable and acquisitions; commercial lease; and cash management services. It also provides consumer banking services, such as checking accounts, savings programs, automated teller machines (ATMs), overdraft facilities, home and installment loans, home equity loans and credit lines. credit, drive-thru and overnight deposit services, facility safes and brokerage services. In addition, the company offers international banking services including deposits, loans, letters of credit, overseas collections, funds and foreign exchange services. In addition, he acts as correspondent for approximately 171 financial institutions; provides trust, investment, agency and custodial services to individuals and businesses; provides capital market services which include sales and trading, new issue underwriting, money market trading, securities advisory, custody and clearing; and supports international business activities. In addition, the company offers insurance and securities brokerage services; and holds securities for investment purposes, as well as provides investment management services for mutual funds, institutions and individuals managed by Frost. It operates approximately 157 financial centers and 1,650 ATMs. The company serves the energy, manufacturing, service, construction, retail, telecommunications, healthcare, military and transportation industries. Cullen/Frost Bankers was founded in 1868 and is headquartered in San Antonio, Texas.