Comerica Incorporated (NYSE:CMA) Receives $79.56 Consensus Target Price from Brokerages

Comerica Incorporated (NYSE:CMA) has been assigned an average rating of “Hold” from the nineteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $79.5556.

CMA has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comerica in a research note on Wednesday, January 21st. Evercore set a $89.00 price objective on Comerica in a research report on Tuesday, January 6th. Citigroup boosted their price objective on shares of Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 30th. UBS Group upgraded Comerica from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Tuesday, January 6th. Finally, TD Cowen restated a “hold” rating on shares of Comerica in a report on Wednesday, January 7th.

Comerica Stock Down 2.0%

Shares of NYSE CMA opened at $90.98 on Thursday. Comerica has a 52-week low of $48.12 and a 52-week high of $99.41. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 17.20 and a beta of 1.04. The stock has a 50 day moving average price of $89.72 and a 200 day moving average price of $78.83. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.96 and a current ratio of 0.97.

Comerica (NYSE:CMA) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.18. The business had revenue of $850.00 million for 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 quarter in the prior year, the company earned $1.20 EPS. Sell-side analysts expect that Comerica will post 5.28 earnings per share for the current year.

Insider Activity at Comerica

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CMA. Bank of New York Mellon Corp increased its holdings in Comerica by 466.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,291,514 shares of the financial services provider’s stock worth $499,615,000 after acquiring an additional 6,003,703 shares in the last quarter. HoldCo Asset Management LP purchased a new stake in shares of Comerica during the third quarter worth about $156,939,000. Norges Bank acquired a new position in shares of Comerica during the 2nd quarter worth about $97,138,000. Jefferies Financial Group Inc. lifted its stake in Comerica by 3,520.3% in the 4th quarter. Jefferies Financial Group Inc. now owns 1,006,259 shares of the financial services provider’s stock valued at $87,474,000 after buying an additional 978,464 shares in the last quarter. Finally, Primecap Management Co. CA boosted its holdings in Comerica by 55.3% in the 2nd quarter. Primecap Management Co. CA now owns 2,593,800 shares of the financial services provider’s stock worth $154,720,000 after buying an additional 923,690 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

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.