Comerica Incorporated (NYSE:CMA) Given Average Rating of “Hold” by Analysts

Comerica Incorporated (NYSE:CMA) has received an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seventeen have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $79.5556.

Several equities research analysts recently commented on CMA shares. Morgan Stanley upgraded Comerica from an “underweight” rating to an “equal weight” rating and set a $83.00 target price on the stock in a research report on Tuesday, October 7th. UBS Group raised Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research note on Tuesday, January 6th. Royal Bank Of Canada raised their price objective on shares of Comerica from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. TD Cowen lifted their price objective on shares of Comerica from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Wednesday, January 7th. Finally, Piper Sandler set a $82.00 target price on shares of Comerica and gave the company a “neutral” rating in a research report on Tuesday, October 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Greenleaf Trust grew its stake in Comerica by 1.7% in the third quarter. Greenleaf Trust now owns 7,753 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 131 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Comerica by 0.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 30,380 shares of the financial services provider’s stock worth $2,082,000 after purchasing an additional 131 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Comerica by 2.8% in the 3rd quarter. Cresset Asset Management LLC now owns 5,073 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 139 shares in the last quarter. Center for Financial Planning Inc. grew its position in Comerica by 41.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 514 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 150 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC increased its stake in Comerica by 2.0% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,272 shares of the financial services provider’s stock valued at $567,000 after purchasing an additional 159 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Comerica Trading Up 0.2%

CMA stock traded up $0.20 during midday trading on Friday, hitting $91.71. The stock had a trading volume of 1,477,657 shares, compared to its average volume of 1,204,613. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market cap of $11.72 billion, a P/E ratio of 17.50 and a beta of 1.03. The business has a fifty day moving average price of $85.15 and a two-hundred day moving average price of $75.47. Comerica has a 1-year low of $48.12 and a 1-year high of $93.78.

Comerica (NYSE:CMA) last issued its quarterly earnings results on Friday, October 17th. The financial services provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.07. The firm had revenue of $838.00 million during the quarter, compared to the consensus estimate of $844.91 million. Comerica had a return on equity of 10.69% and a net margin of 14.91%.During the same period last year, the business posted $1.37 EPS. On average, sell-side analysts predict that Comerica will post 5.28 earnings per share for the current fiscal year.

Comerica Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Monday, December 15th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, December 15th. Comerica’s dividend payout ratio is 54.20%.

About Comerica

Comerica Incorporated is a diversified financial services company headquartered in Dallas, Texas, operating as Comerica Bank. The company offers a comprehensive suite of banking and financial solutions to businesses, professionals, and individuals. Its principal business activities encompass commercial banking services—such as treasury management, lending, and international trade finance—alongside retail banking products like deposit accounts, consumer loans, and credit cards. In addition, Comerica provides wealth management and trust services, financial advisory, and capital markets solutions to support clients’ complex financial needs.

Established in Detroit in 1849 as the Detroit Savings Fund Institute, Comerica has evolved over more than 170 years to become a regional banking leader.