Recent Investment Analysts’ Ratings Changes for Comerica (CMA)

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Several brokerages have updated their recommendations and price targets on shares of Comerica (NYSE: CMA) in the last few weeks:

  • 1/8/2019 – Comerica had its price target lowered by analysts at Morgan Stanley from $98.00 to $96.00. They now have an “overweight” rating on the stock.
  • 1/7/2019 – Comerica was downgraded by analysts at Goldman Sachs Group Inc from a “conviction-buy” rating to a “buy” rating.
  • 1/3/2019 – Comerica is now covered by analysts at Argus. They set a “buy” rating and a $88.00 price target on the stock.
  • 1/2/2019 – Comerica had its price target lowered by analysts at Barclays PLC from $102.00 to $90.00. They now have an “underweight” rating on the stock.
  • 1/2/2019 – Comerica was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 12/19/2018 – Comerica had its “buy” rating reaffirmed by analysts at Stephens. They now have a $85.00 price target on the stock.
  • 12/13/2018 – Comerica was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 12/12/2018 – Comerica was downgraded by analysts at KeyCorp from an “outperform” rating to a “market perform” rating.
  • 12/12/2018 – Comerica was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating.
  • 12/11/2018 – Comerica had its price target lowered by analysts at Morgan Stanley from $106.00 to $98.00. They now have an “overweight” rating on the stock.
  • 12/10/2018 – Comerica was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $84.00 price target on the stock, down previously from $107.00.
  • 12/4/2018 – Comerica was given a new $106.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 11/27/2018 – Comerica was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating.

NYSE CMA opened at $73.31 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The company has a market cap of $11.84 billion, a P/E ratio of 15.50, a PEG ratio of 0.46 and a beta of 1.38. Comerica Incorporated has a 1 year low of $63.69 and a 1 year high of $102.66.

Comerica (NYSE:CMA) last posted its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.05. The business had revenue of $833.00 million for the quarter, compared to analyst estimates of $852.72 million. Comerica had a net margin of 29.54% and a return on equity of 14.41%. During the same quarter last year, the business posted $1.26 EPS. Equities analysts expect that Comerica Incorporated will post 7.2 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 1st. Shareholders of record on Friday, December 14th were given a $0.60 dividend. The ex-dividend date was Thursday, December 13th. This represents a $2.40 dividend on an annualized basis and a yield of 3.27%. Comerica’s dividend payout ratio is currently 50.74%.

Institutional investors have recently modified their holdings of the business. Highwater Wealth Management LLC acquired a new stake in Comerica in the fourth quarter valued at approximately $32,000. Csenge Advisory Group acquired a new stake in Comerica in the third quarter valued at approximately $39,000. Columbia Asset Management acquired a new stake in Comerica in the third quarter valued at approximately $115,000. Stratos Wealth Partners LTD. acquired a new stake in Comerica in the third quarter valued at approximately $163,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in Comerica by 83.8% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,834 shares of the financial services provider’s stock valued at $165,000 after buying an additional 836 shares in the last quarter. Hedge funds and other institutional investors own 84.55% of the company’s stock.

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through three segments: Business Bank, the Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational corporations, and governmental entities.

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