Comerica (CMA) – Research Analysts’ Weekly Ratings Updates

Comerica (NYSE: CMA) recently received a number of ratings updates from brokerages and research firms:

• 10/22/2024 – Comerica had its price target raised by analysts at The Goldman Sachs Group, Inc. from $63.00 to $71.00. They now have a “buy” rating on the stock.
• 10/21/2024 – Comerica had its price target raised by analysts at Wells Fargo & Company from $43.00 to $51.00. They now have an “underweight” rating on the stock.
• 10/21/2024 – Comerica had its price target raised by analysts at Barclays PLC from $56.00 to $66.00. They now have an “underweight” rating on the stock.
• 10/21/2024 – Comerica had its price target raised by analysts at Stephens from $64.00 to $70.00. They now have an “overweight” rating on the stock.
• 10/21/2024 – Comerica had its price target raised by analysts at DA Davidson from $64.00 to $68.00. They now have a “neutral” rating on the stock.
• 10/21/2024 – Comerica had its price target raised by analysts at JPMorgan Chase & Co. from $65.00 to $70.00. They now have a “neutral” rating on the stock.
• 10/21/2024 – Comerica was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/21/2024 – Comerica had its price target raised by analysts at Truist Financial Co. from $66.00 to $70.00. They now have a “hold” rating on the stock.
• 10/21/2024 – Comerica had its price target raised by analysts at Morgan Stanley from $63.00 to $67.00. They now have an “equal weight” rating on the stock.
• 10/11/2024 – Comerica was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/9/2024 – Comerica had its price target raised by analysts at JPMorgan Chase & Co. from $57.00 to $65.00. They now have a “neutral” rating on the stock.
• 10/7/2024 – Comerica was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $52.00 price target on the stock, down previously from $55.00.
• 10/7/2024 – Comerica had its price target raised by analysts at The Goldman Sachs Group, Inc. from $55.00 to $63.00. They now have a “buy” rating on the stock.
• 10/3/2024 – Comerica was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/2/2024 – Comerica had its price target raised by analysts at Evercore ISI from $58.00 to $64.00. They now have an “in-line” rating on the stock.
• 9/30/2024 – Comerica had its price target raised by analysts at Morgan Stanley from $61.00 to $63.00. They now have an “equal weight” rating on the stock.
• 9/24/2024 – Comerica was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/24/2024 – Comerica was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $75.00 price target on the stock, up previously from $52.00.
• 9/20/2024 – Comerica had its price target raised by analysts at Truist Financial Co. from $53.00 to $66.00. They now have a “hold” rating on the stock.
• 9/16/2024 – Comerica was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/10/2024 – Comerica had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $58.00 price target on the stock.
• 9/10/2024 – Comerica had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $55.00 price target on the stock.
• 9/6/2024 – Comerica was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/5/2024 – Comerica was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $69.00 price target on the stock, up previously from $50.00.
• 8/27/2024 – Comerica was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Comerica Stock Down 0.5 %

CMA opened at $62.00 on Thursday. The company has a fifty day moving average price of $58.28 and a 200-day moving average price of $53.90. The firm has a market capitalization of $8.22 billion, a P/E ratio of 12.33 and a beta of 1.23. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.96 and a quick ratio of 0.96. Comerica Incorporated has a one year low of $37.48 and a one year high of $66.06.

Comerica (NYSE:CMA) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.16. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $806.49 million. Comerica had a net margin of 12.15% and a return on equity of 15.01%. During the same period in the previous year, the business earned $1.84 EPS. Equities research analysts expect that Comerica Incorporated will post 5.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Comerica news, EVP Christine M. Moore sold 2,545 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $57.51, for a total transaction of $146,362.95. Following the completion of the sale, the executive vice president now directly owns 27,910 shares in the company, valued at $1,605,104.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by company insiders.

Institutional Trading of Comerica

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in shares of Comerica by 1.2% during the first quarter. Principal Financial Group Inc. now owns 161,243 shares of the financial services provider’s stock valued at $8,867,000 after acquiring an additional 1,858 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Comerica by 3.1% during the first quarter. Commonwealth Equity Services LLC now owns 87,160 shares of the financial services provider’s stock valued at $4,793,000 after acquiring an additional 2,580 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Comerica by 7.5% during the first quarter. HB Wealth Management LLC now owns 5,128 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 356 shares during the last quarter. Mission Wealth Management LP raised its stake in shares of Comerica by 11.3% during the first quarter. Mission Wealth Management LP now owns 6,322 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 644 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Comerica by 13.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,189 shares of the financial services provider’s stock valued at $3,375,000 after acquiring an additional 7,418 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities.