Comerica Inc. Reaches New 12-Month High at $49.95 (CMA)
Comerica (NYSE:CMA)’s share price reached a new 52-week high during mid-day trading on Friday, AnalystRatings.Net reports. The stock traded as high as $49.95 and last traded at $47.57, with a volume of 1,594,831 shares traded. The stock had previously closed at $47.43.
CMA has been the subject of a number of recent research reports. Analysts at Wunderlich raised their price target on shares of Comerica from $45.00 to $48.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Guggenheim raised their price target on shares of Comerica from $44.00 to $50.00 in a research note to investors on Tuesday. Finally, 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. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.11.
Comerica has a one year low of $33.15 and a one year high of $48.69. The stock has a 50-day moving average of $46.53 and a 200-day moving average of $43.09. The company has a market cap of $8.716 billion and a P/E ratio of 16.36.
Comerica (NYSE:CMA) last posted its quarterly earnings results on Friday, January 17th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.03. During the same quarter last year, the company posted $0.68 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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