Comerica Receives Average Rating of “Hold” from Brokerages (NYSE:CMA)
Shares of Comerica (NYSE:CMA) have received a consensus recommendation of “Hold” from the twenty-seven brokerages that are presently covering the company, StockRatingsNetwork reports. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $46.81.
In other Comerica news, EVP Jon W. Bilstrom unloaded 2,416 shares of the stock on the open market in a transaction dated Friday, May 30th. The shares were sold at an average price of $47.70, for a total transaction of $115,243.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CMA. Analysts at BMO Capital Markets raised their price target on shares of Comerica from $48.00 to $49.00 in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Comerica in a research note on Tuesday, June 3rd. They now have a $51.00 price target on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Comerica in a research note on Friday, May 30th. They set a “buy” rating on the stock.
Comerica (NYSE:CMA) traded down 0.22% on Tuesday, hitting $50.70. 123,888 shares of the company’s stock traded hands. Comerica has a 52 week low of $37.00 and a 52 week high of $53.50. The stock has a 50-day moving average of $47.75 and a 200-day moving average of $47.77. The company has a market cap of $9.211 billion and a price-to-earnings ratio of 17.64.
Comerica (NYSE:CMA) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. During the same quarter in the prior year, the company posted $0.70 earnings per share. On average, analysts predict that Comerica will post $3.04 earnings per share for the current fiscal year.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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