Comerica Stock Rating Upgraded by Keefe, Bruyette & Woods (CMA)
Comerica (NYSE:CMA) was upgraded by equities researchers at Keefe, Bruyette & Woods from an “underperform” rating to a “market perform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on CMA. 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, January 14th. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Comerica in a research note to investors on Tuesday, January 14th. They set a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Comerica has a consensus rating of “Hold” and a consensus price target of $41.65.
Comerica (NYSE:CMA) traded up 3.90% on Tuesday, hitting $49.51. 2,569,834 shares of the company’s stock traded hands. Comerica has a 1-year low of $33.29 and a 1-year high of $49.95. The stock’s 50-day moving average is $46. and its 200-day moving average is $43.18. The company has a market cap of $9.056 billion and a P/E ratio of 16.43.
Comerica (NYSE:CMA) last announced its earnings results on Friday, January 17th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.03. During the same quarter in the prior year, the company posted $0.68 earnings per share. Analysts expect that Comerica will post $2.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of 0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.54%.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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