A number of firms have modified their ratings and price targets on shares of Comerica (NYSE: CMA) recently:

  • 8/9/2017 – Comerica is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $73.00 price target on the stock.
  • 8/8/2017 – Comerica was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/4/2017 – Comerica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Comerica’s shares have outperformed the industry over the last six months. The company’s second-quarter 2017 results surpassed the Zacks Consensus Estimate. Results reflected increased revenues and improving credit quality along with lower expenses. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. Notably, the expectation of lesser regulations will act as a tailwind for the company in the medium term. Though exposure to Michigan and California, two challenging economies, remains a headwind, Comerica’s active involvement in capital deployment activities is commendable.”
  • 8/3/2017 – Comerica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $81.00 price target on the stock. According to Zacks, “Comerica’s shares have outperformed the industry over the last six months. The company’s second-quarter 2017 results surpassed the Zacks Consensus Estimate. Results reflected increased revenues and improving credit quality along with lower expenses. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. Notably, the expectation of lesser regulations will act as a tailwind for the company in the medium term. Though exposure to Michigan and California, two challenging economies, remains a headwind, Comerica’s active involvement in capital deployment activities is commendable.”
  • 8/1/2017 – Comerica was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Comerica had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $76.00 price target on the stock.
  • 7/28/2017 – Comerica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Comerica’s shares have outperformed the industry over the last one year. The company’s second-quarter 2017 results surpassed the Zacks Consensus Estimate. Results reflected increased revenues and improving credit quality along with lower expenses. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. Notably, the expectation of lesser regulations will act as a tailwind for the company in the medium term. Comerica’s active involvement in capital deployment activities is commendable. However, exposure to Michigan and California, two challenging economies, remains a headwind.”
  • 7/25/2017 – Comerica was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/20/2017 – Comerica had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $79.00 price target on the stock.
  • 7/18/2017 – Comerica had its “buy” rating reaffirmed by analysts at Stephens. They now have a $80.00 price target on the stock.
  • 7/18/2017 – Comerica was given a new $79.00 price target on by analysts at FBR & Co. They now have a “buy” rating on the stock.
  • 7/14/2017 – Comerica had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $81.00 price target on the stock.
  • 7/12/2017 – Comerica had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $76.00 price target on the stock, up previously from $72.00.
  • 7/12/2017 – Comerica had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $71.00 price target on the stock, up previously from $68.00.
  • 7/6/2017 – Comerica had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $75.00 price target on the stock, up previously from $71.00.
  • 6/22/2017 – Comerica was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/16/2017 – Comerica had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $78.00 price target on the stock.

Comerica Incorporated (NYSE:CMA) opened at 70.81 on Friday. The stock has a 50 day moving average of $73.09 and a 200 day moving average of $70.80. The firm has a market capitalization of $12.46 billion, a PE ratio of 17.68 and a beta of 1.47. Comerica Incorporated has a 12 month low of $44.55 and a 12 month high of $75.72.

Comerica (NYSE:CMA) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. Comerica had a net margin of 23.22% and a return on equity of 9.60%. The company had revenue of $776 million during the quarter, compared to analyst estimates of $777.08 million. During the same period last year, the business earned $0.58 earnings per share. Comerica’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts predict that Comerica Incorporated will post $4.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be given a $0.30 dividend. This is a positive change from Comerica’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 14th. Comerica’s dividend payout ratio (DPR) is 26.00%.

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.

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