Citigroup Inc. Downgrades Comerica to Neutral (CMA)
Comerica (NYSE:CMA) was downgraded by stock analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. 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, June 9th. 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. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. Comerica currently has an average rating of “Hold” and a consensus target price of $46.81.
Shares of Comerica (NYSE:CMA) opened at 50.32 on Thursday. Comerica has a 1-year low of $38.56 and a 1-year high of $53.50. The stock has a 50-day moving average of $48.83 and a 200-day moving average of $48.37. The company has a market cap of $9.142 billion and a P/E ratio of 17.55.
Comerica (NYSE:CMA) last released its earnings data on Tuesday, April 15th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. During the same quarter in the previous year, the company posted $0.70 earnings per share. Analysts expect that Comerica will post $3.04 EPS for the current fiscal year.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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