The Market Myopia Regarding Legg Mason, Inc. (LM) And Cullen/Frost Bankers, Inc. (CFR)

The stocks of Legg Mason, Inc. (NYSE:LM) has been Downgraded as a Market Perform from Outperform by Wells Fargo in its latest research note that was published on September 13. The stock also received a Underperform to In-line rating from Evercore ISI. This was contained in a research note published by the firm on May 22. The stock received a Neutral to Buy rating in Citigroup’s research note that was published on February 05.

Legg’s stock is covered by 13 analysts, with 4 of them rating the stock as Buy. It has been deemed to have strong buy by none of the analysts, 8 of them have rated it as a Hold while 1 of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 4 analysts. None of them rated it as strong buy with 7 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that LM has an average analyst rating of Hold.

LM declined by $-0.02 during the normal trading session on Monday and reaching a high of $38.88 during the day while it closed the day at $38.60. The Legg stock had a low trading volume of 0.39 million shares on that day, which is low compared to the average daily volume of 572.39M shares. LM has also gained 0.63% of its value over the past 7 days. However, the stock has surged by 5.29% in the 3 months of the year. Over the past six months meanwhile, it has gained 4.64% while it has added 51.31% year-on date.

Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) fell by -0.34 percent on Monday. The company’s stock began trading at $93.57 below the previous closing price of $93.89, and finished the day at $93.47. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -2.16% from its 3 months high price. However, taking another look at CFR will indicate that it is trading +17.04% away from its 90-day low. Looking at the bigger picture, the Cullen/Frost Bankers, Inc. stock has dropped by -12.01% from its 52-week high while it has surged by +17.04% from its 52-week low price.

On November 01, 2019 Bracher Paul, President of CFBI sold 9,360 shares of the company. The average price for that transaction was $90.1 per share, which meant that Bracher Paul earned $843,336.00 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Director, ALVAREZ CARLOS purchasing 30,000 shares of this stock on August 16, 2019. The average purchasing price for the stock was $85.08 per share, with the purchased stock accruing $2,552,400.00. Following this transaction, the insider now holds 35,077 shares of the company, which is worth around $1,364,495.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that CFR stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that Cullen/Frost has a 20-day average volume of 423965 shares. This has led to the CFR price forecast being placed as a 50%Buy on an average basis. In the medium term, however, the CFR stock has its 50-Day average volume of 421430 shares, with the indicators also rating it as a Hold. Finally, in the long-term, the CFR stocks have a 100-Day average volume of 377101 shares, with the long-term indicators rating the stock as just ge: Hold. Looking at the three indicators, the CFR stock has been set on a 0.24 Buy rating.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 84.85%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 71.9%. Over the past 20 days, Cullen/Frost’s Stochastic %K stood at 72.76% while its Stochastic %D was revealed to be 71.76%.