Comerica (NYSE:CMA) was upgraded by investment analysts at Piper Jaffray Companies to a “buy” rating in a note issued to investors on Friday. The firm presently has a $98.00 price objective on the financial services provider’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 14.75% from the stock’s current price.

A number of other equities analysts also recently commented on CMA. BidaskClub downgraded shares of Comerica from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of Comerica from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday, August 17th. Robert W. Baird reissued a “hold” rating and issued a $70.00 price objective on shares of Comerica in a research note on Friday, August 25th. FBR & Co reissued a “buy” rating and issued a $79.00 price objective on shares of Comerica in a research note on Friday, September 8th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $82.00 price objective on shares of Comerica in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $80.67.

Shares of Comerica (NYSE CMA) traded up $0.97 during trading hours on Friday, reaching $85.40. 1,347,500 shares of the company were exchanged, compared to its average volume of 1,702,193. The company has a market capitalization of $14,474.95, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.91 and a beta of 1.51. Comerica has a 52 week low of $64.04 and a 52 week high of $86.78. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.58.

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

In other Comerica news, insider Michael T. Ritchie sold 4,596 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $75.08, for a total value of $345,067.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christine M. Moore sold 3,200 shares of the company’s stock in a transaction on Friday, November 10th. The shares were 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. 1.10% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. National Planning Corp boosted its holdings in Comerica by 0.4% in the second quarter. National Planning Corp now owns 5,763 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 21 shares during the last quarter. Veritable L.P. boosted its holdings in Comerica by 0.3% in the second quarter. Veritable L.P. now owns 10,844 shares of the financial services provider’s stock valued at $794,000 after purchasing an additional 32 shares during the last quarter. Cadence Capital Management LLC boosted its holdings in Comerica by 0.8% in the second quarter. Cadence Capital Management LLC now owns 7,039 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 58 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in Comerica by 1.8% in the second quarter. Wetherby Asset Management Inc. now owns 5,061 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 91 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Comerica by 0.5% in the second quarter. CIBC Asset Management Inc now owns 19,572 shares of the financial services provider’s stock valued at $1,433,000 after purchasing an additional 93 shares during the last quarter. 82.04% of the stock is currently owned by institutional investors.

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Comerica Company Profile

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.

Analyst Recommendations for Comerica (NYSE:CMA)

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