Comerica Given Average Recommendation of “Hold” by Analysts (NYSE:CMA)
Comerica (NYSE:CMA) has earned an average recommendation of “Hold” from the twenty-seven brokerages that are presently covering the company, Stock Ratings Network.com reports. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $49.86.
A number of analysts have recently weighed in on CMA shares. Analysts at Susquehanna upgraded shares of Comerica from a “negative” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $49.00 price target on the stock, up previously from $39.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Comerica in a research note on Wednesday, July 16th. They now have a $61.00 price target on the stock, up previously from $56.00. Finally, analysts at Bernstein raised their price target on shares of Comerica from $40.00 to $44.00 in a research note on Wednesday, July 16th.
Comerica (NYSE:CMA) traded up 0.18% during mid-day trading on Friday, hitting $50.14. The stock had a trading volume of 122,776 shares. Comerica has a 52 week low of $38.56 and a 52 week high of $53.50. The stock has a 50-day moving average of $49.75 and a 200-day moving average of $49.15. The company has a market cap of $9.067 billion and a P/E ratio of 17.08.
Comerica (NYSE:CMA) last released its earnings data 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. Analysts expect that Comerica will post $3.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Thursday, September 11th.
In other Comerica news, EVP Jon W. Bilstrom sold 3,683 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $50.56, for a total value of $186,212.48. The transaction was disclosed in a filing with the SEC, which is available at this link.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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