Comerica (NYSE:CMA) had its price target boosted by Wedbush from $91.00 to $97.00 in a research report sent to investors on Wednesday. They currently have a neutral rating on the financial services provider’s stock. Wedbush also issued estimates for Comerica’s Q1 2018 earnings at $1.50 EPS, Q2 2018 earnings at $1.62 EPS, Q3 2018 earnings at $1.69 EPS, Q4 2018 earnings at $1.74 EPS, FY2018 earnings at $6.55 EPS and FY2019 earnings at $7.23 EPS.

A number of other brokerages also recently issued reports on CMA. Vining Sparks restated a buy rating and set a $97.50 price objective on shares of Comerica in a research report on Tuesday. Robert W. Baird restated a hold rating and set a $95.00 price objective on shares of Comerica in a research report on Wednesday. DA Davidson restated a hold rating and set a $100.00 price objective on shares of Comerica in a research report on Wednesday. Sanford C. Bernstein set a $99.00 price objective on Comerica and gave the company a hold rating in a research report on Wednesday. Finally, BMO Capital Markets upped their price objective on Comerica from $6.90 to $111.00 and gave the company a market perform rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $92.37.

Shares of Comerica (NYSE CMA) opened at $94.99 on Wednesday. Comerica has a 52-week low of $64.04 and a 52-week high of $95.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $16,520.00, a PE ratio of 22.94, a P/E/G ratio of 1.44 and a beta of 1.50.

Comerica (NYSE:CMA) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. Comerica had a return on equity of 10.94% and a net margin of 22.47%. The business had revenue of $830.00 million for the quarter, compared to the consensus estimate of $819.30 million. During the same period in the prior year, the business posted $0.92 earnings per share. analysts anticipate that Comerica will post 6.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.20 annualized dividend and a yield of 1.26%. Comerica’s dividend payout ratio (DPR) is currently 28.99%.

In related news, insider Michael T. Ritchie sold 4,596 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $75.08, for a total value of $345,067.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Christine M. Moore sold 3,200 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $75.07, for a total value of $240,224.00. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. AXA boosted its position in Comerica by 1.0% during the 2nd quarter. AXA now owns 20,600 shares of the financial services provider’s stock valued at $1,509,000 after acquiring an additional 200 shares in the last quarter. Norinchukin Bank The boosted its position in Comerica by 13.1% during the 2nd quarter. Norinchukin Bank The now owns 6,987 shares of the financial services provider’s stock valued at $512,000 after acquiring an additional 807 shares in the last quarter. BlackRock Inc. boosted its position in Comerica by 0.5% during the 2nd quarter. BlackRock Inc. now owns 11,319,900 shares of the financial services provider’s stock valued at $829,069,000 after acquiring an additional 51,426 shares in the last quarter. Amalgamated Bank boosted its position in Comerica by 62.6% during the 2nd quarter. Amalgamated Bank now owns 19,854 shares of the financial services provider’s stock valued at $1,454,000 after acquiring an additional 7,643 shares in the last quarter. Finally, BlueMountain Capital Management LLC boosted its position in Comerica by 423.8% during the 2nd quarter. BlueMountain Capital Management LLC now owns 6,590 shares of the financial services provider’s stock valued at $483,000 after acquiring an additional 5,332 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors.

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Comerica Company Profile

Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. The Company’s segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services.

Analyst Recommendations for Comerica (NYSE:CMA)

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