Comerica Now Covered by Analysts at Janney Montgomery Scott (CMA)
Equities researchers at Janney Montgomery Scott assumed coverage on shares of Comerica (NYSE:CMA) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on CMA. Analysts at Deutsche Bank raised their price target on shares of Comerica from $40.00 to $44.00 in a research note to investors on Wednesday, January 8th. They now have a “hold” rating on the stock. Separately, analysts at Oppenheimer upgraded shares of Comerica from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, January 8th. Finally, 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, January 6th. They now have an “underweight” rating on the stock. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $40.98.
Shares of Comerica (NYSE:CMA) traded down 0.02% on Tuesday, hitting $47.21. The stock had a trading volume of 1,053,678 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 $46.41 and a 200-day moving average of $43.02. The company has a market cap of $8.635 billion and a P/E ratio of 16.28.
Comerica (NYSE:CMA) last issued its quarterly earnings data 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 prior year, the company posted $0.61 earnings per share. Analysts expect that Comerica will post $2.97 EPS for the current fiscal year.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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