Comerica (NYSE:CMA) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other analysts have also weighed in on CMA. Zacks Investment Research raised shares of Comerica from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Thursday, August 3rd. BidaskClub raised shares of Comerica from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Wells Fargo & Company started coverage on shares of Comerica in a report on Wednesday, August 9th. They issued a “market perform” rating and a $73.00 price target for the company. Robert W. Baird reissued a “hold” rating and issued a $70.00 price target on shares of Comerica in a report on Friday, August 25th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Comerica in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. Comerica currently has a consensus rating of “Hold” and an average target price of $79.60.

Shares of Comerica (NYSE CMA) traded up $0.47 during trading on Friday, hitting $83.78. 2,054,497 shares of the company were exchanged, compared to its average volume of 1,523,506. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $14,570.60, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.92 and a beta of 1.51. Comerica has a fifty-two week low of $64.04 and a fifty-two week high of $85.28.

Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.03. The business had revenue of $821.00 million during the quarter, compared to analyst estimates of $812.83 million. Comerica had a net margin of 24.87% and a return on equity of 10.35%. During the same quarter last year, the business posted $0.84 earnings per share. equities analysts anticipate that Comerica will post 4.85 earnings per share for the current fiscal year.

In related news, insider Michael T. Ritchie sold 4,596 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $75.08, for a total transaction of $345,067.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christine M. Moore sold 3,200 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $75.07, for a total transaction of $240,224.00. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of CMA. Janus Henderson Group PLC increased its stake in Comerica by 12,425.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,064,363 shares of the financial services provider’s stock valued at $151,194,000 after buying an additional 2,047,881 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Comerica by 33.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,721,807 shares of the financial services provider’s stock valued at $507,632,000 after buying an additional 1,681,640 shares during the last quarter. Vanguard Group Inc. increased its stake in Comerica by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 18,161,488 shares of the financial services provider’s stock valued at $1,330,147,000 after buying an additional 1,142,275 shares during the last quarter. State Street Corp increased its stake in Comerica by 11.3% in the 2nd quarter. State Street Corp now owns 9,990,021 shares of the financial services provider’s stock valued at $731,672,000 after buying an additional 1,010,965 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Comerica by 132.7% in the 2nd quarter. Voya Investment Management LLC now owns 1,692,458 shares of the financial services provider’s stock valued at $123,956,000 after buying an additional 965,041 shares during the last quarter. Hedge funds and other institutional investors own 82.07% of the company’s stock.

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About Comerica

Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. The Company’s segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Comerica (NYSE:CMA)

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