Comerica Price Target Raised to $44.00 at Deutsche Bank (CMA)
Equities research analysts at Deutsche Bank increased their price objective on shares of Comerica (NYSE:CMA) from $40.00 to $44.00 in a research note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential downside of 6.98% from the company’s current price.
Shares of Comerica (NYSE:CMA) traded up 0.37% during mid-day trading on Wednesday, hitting $47.475. The stock had a trading volume of 1,007,650 shares. Comerica has a 52 week low of $31.27 and a 52 week high of $48.69. The stock has a 50-day moving average of $46.06 and a 200-day moving average of $42.73. The company has a market cap of $8.684 billion and a price-to-earnings ratio of 16.31.
Comerica (NYSE:CMA) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.07. During the same quarter last year, the company posted $0.61 earnings per share. On average, analysts predict that Comerica will post $2.97 earnings per share for the current fiscal year.
CMA has been the subject of a number of other recent research reports. Analysts at Oppenheimer upgraded shares of Comerica from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday. Separately, analysts at Barclays raised their price target on shares of Comerica from $42.00 to $47.00 in a research note to investors on Monday. They now have an “underweight” rating on the stock. Finally, analysts at Macquarie downgraded shares of Comerica from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, December 19th. They now have a $41.00 price target on the stock. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $40.57.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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