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

Comerica Incorporated (NYSE:CMA) has been given an average recommendation of “Hold” by the nineteen research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $79.5556.

A number of research firms recently weighed in on CMA. Weiss Ratings reissued a “hold (c+)” rating on shares of Comerica in a research report on Wednesday, January 21st. Wells Fargo & Company lifted their price objective on Comerica from $65.00 to $97.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Evercore set a $89.00 target price on Comerica in a research note on Tuesday, January 6th. TD Cowen reissued a “hold” rating on shares of Comerica in a research note on Wednesday, January 7th. Finally, UBS Group raised Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a report on Tuesday, January 6th.

Comerica Stock Down 2.0%

Comerica stock traded down $1.89 during midday trading on Thursday, hitting $90.98. 49,157,027 shares of the stock were exchanged, compared to its average volume of 4,116,890. Comerica has a 1 year low of $48.12 and a 1 year high of $99.41. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market cap of $11.63 billion, a P/E ratio of 17.20 and a beta of 1.04. The company has a 50 day moving average price of $90.08 and a two-hundred day moving average price of $79.08.

Comerica (NYSE:CMA) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.18. The company had revenue of $850.00 million during the quarter, compared to the consensus estimate of $851.32 million. Comerica had a return on equity of 10.74% and a net margin of 15.07%.During the same period last year, the business earned $1.20 EPS. On average, sell-side analysts predict that Comerica will post 5.28 earnings per share for the current fiscal year.

Insider Activity at Comerica

In other news, insider James Mcgregor Carr sold 10,000 shares of Comerica stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $98.06, for a total value of $980,600.00. Following the sale, the insider directly owned 23,959 shares in the company, valued at approximately $2,349,419.54. This trade represents a 29.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Harry Weber sold 8,798 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $98.04, for a total value of $862,555.92. Following the transaction, the executive vice president owned 20,543 shares of the company’s stock, valued at approximately $2,014,035.72. This represents a 29.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,662 shares of company stock valued at $2,680,538 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Comerica

Institutional investors and hedge funds have recently modified their holdings of the stock. United Community Bank purchased a new position in Comerica during the 3rd quarter valued at about $26,000. JPL Wealth Management LLC bought a new stake in shares of Comerica in the 3rd quarter worth approximately $27,000. Torren Management LLC bought a new position in Comerica during the 4th quarter valued at approximately $39,000. V Square Quantitative Management LLC purchased a new position in Comerica during the fourth quarter valued at $43,000. Finally, Entrust Financial LLC purchased a new stake in shares of Comerica in the fourth quarter worth $43,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Comerica Company Profile

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.