Comerica PT Raised to $50.00 (CMA)
Equities research analysts at Guggenheim boosted their price objective on shares of Comerica (NYSE:CMA) from $44.00 to $50.00 in a research note issued to investors on Tuesday, Stock Ratings Network.com reports. Guggenheim’s price target would indicate a potential upside of 5.91% from the stock’s previous close.
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 $46.37 and a 200-day moving average of $42.97. 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 for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.07. During the same quarter in the prior 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 Janney Montgomery Scott initiated coverage on shares of Comerica in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, 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. Finally, 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. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.98.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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