Comerica Given Overweight Rating at JPMorgan Chase & Co. (CMA)
Comerica (NYSE:CMA)‘s stock had its “overweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday. They currently have a $61.00 target price on the stock, up from their previous target price of $56.00. JPMorgan Chase & Co.’s target price indicates a potential upside of 17.60% from the stock’s previous close.
Comerica (NYSE:CMA) traded down 1.33% on Wednesday, hitting $51.18. The stock had a trading volume of 1,341,781 shares. Comerica has a one year low of $38.56 and a one year high of $53.50. The stock’s 50-day moving average is $49.81 and its 200-day moving average is $48.61. The company has a market cap of $9.298 billion and a P/E ratio of 18.01.
Comerica (NYSE:CMA) last announced its earnings results on Tuesday, July 15th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.04. During the same quarter in the prior year, the company posted $0.76 earnings per share. On average, analysts predict that Comerica will post $3.09 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CMA. Analysts at Bernstein raised their price target on shares of Comerica from $40.00 to $44.00 in a research note on Wednesday. Separately, analysts at DA Davidson raised their price target on shares of Comerica from $50.00 to $55.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Macquarie upgraded shares of Comerica from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $50.00 price target on the stock, up previously from $45.00. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.95.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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