Comerica Incorporated (CMA) Receives Average Rating of "Hold" from Brokerages


UBS maintained the stock with "Buy" rating in Tuesday, September 20 report.

Several other research analysts have also recently commented on the stock.

Comerica Incorporated (NYSE:CMA), stock is trading $77.95 above the 52-week high and has displayed a high EPS growth of 5.00% in last 5 years. They now have a Dollars 79 price target on the stock.

Among 28 analysts covering Comerica Inc (NYSE:CMA), 11 have Buy rating, 2 Sell and 15 Hold. BidaskClub downgraded shares of Comerica from a strong-buy rating to a buy rating in a research report on Thursday, June 22nd. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $79.00 price objective (up from $76.00) on shares of Comerica in a research note on Wednesday, October 4th. Comerica has an average rating of Hold and an average target price of $76.80. Comerica Inc has $82.0 highest and $34 lowest target. Insiders have sold a total of 44,249 shares of company stock valued at $3,095,383 in the last quarter. Over the course of the a year ago CMA has set a 52-week high of $77.95 while the corresponding low set was $48.68. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 19.107 and a beta of 1.51. The stock has a 50 day moving average price of $72.49 and a 200 day moving average price of $71.41.

Comerica (NYSE:CMA) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $1.26 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.23 by $0.03. The business had revenue of $821.00 million for the quarter, compared to the consensus estimate of $812.83 million. Return on equity was booked as 9.10% while return on assets was 1%. During the same quarter a year ago, the firm earned $0.84 EPS. Comerica Incorporated has had 17 insider trades in the last 3 months, including 13 open market buys and 4 sells.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Comerica Incorporated (NYSE:CMA). If you are reading this piece of content on another website, it was copied illegally and reposted in violation of U.S. and global trademark and copyright legislation.

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term.

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The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st.

Investors sentiment increased to 0.68 in 2017 Q2.

On 11/8/2016 Comerica Incorporated announced a quarterly dividend of $0.23 1.68% with an ex dividend date of 12/13/2016 which will be payable on 1/1/2017. This buyback authorization authorizes the financial services provider to repurchase up to 4.8% of its stock through open market purchases.

The average 1-year price target for F.N.B. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter William Guilfoile sold 2,928 shares of the stock in a transaction dated Monday, August 28th. The disclosure for this sale can be found here. Regentatlantic Capital Ltd Liability Corp holds 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA) for 2,742 shares. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. It increased, as 22 investors sold CMA shares while 145 reduced holdings. National Planning Corp now owns 5,763 shares of the financial services provider's stock worth $429,000 after purchasing an additional 21 shares during the period. Janus Capital Management LLC raised its holdings in Comerica by 153.1% in the first quarter. Vanguard Group Inc. raised its holdings in Comerica by 6.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Comerica by 0.3% during the second quarter. The Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment advisory services, investment banking and brokerage services.

Comerica Incorporated (NYSE:CMA) continues to be a formidable company. The Company's principal activity is lending to and accepting deposits from businesses and individuals.

The 165-year-old company, like several other US regional banks, has struggled with bad energy loans due to the steep fall in oil prices since mid-2014.