Comerica Stock Rating Upgraded by Oppenheimer (CMA)
Comerica (NYSE:CMA) was upgraded by equities researchers at Oppenheimer from an “underperform” rating to a “market perform” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of Comerica (NYSE:CMA) traded up 0.68% during mid-day trading on Wednesday, hitting $47.62. 1,463,707 shares of the company’s stock traded hands. Comerica has a one year low of $31.27 and a one year 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 $8.710 billion and a price-to-earnings ratio of 16.31.
Comerica (NYSE:CMA) last announced its earnings results on Wednesday, October 16th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.07. During the same quarter in the previous 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.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Comerica in a research note to investors on Tuesday, December 3rd. They now have a $48.00 price target on the stock. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. Comerica currently has an average rating of “Hold” and a consensus target price of $40.57.
Comerica Incorporated (NYSE:CMA) is a financial services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.