Several brokerages have updated their recommendations and price targets on shares of Comerica (NYSE: CMA) in the last few weeks:

  • 12/13/2017 – Comerica had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $90.00 price target on the stock.
  • 12/11/2017 – Comerica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock. According to Zacks, “Shares of Comerica have outperformed the industry year to date. This is backed by the company's impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. The company’s future prospects look promising as it improvised the financial targets for revenues and efficiency initiatives (GEAR Up). Also, its steady capital deployment activities continue to enhance investors’ confidence. Moreover, easing margin pressure is a positive. However, a stretched valuation indicates that the stock has limited upside potential. Also, significant exposure to commercial loans keeps us apprehensive.”
  • 12/8/2017 – Comerica was upgraded by analysts at Piper Jaffray Companies to a “buy” rating. They now have a $98.00 price target on the stock.
  • 12/4/2017 – Comerica had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $84.00 price target on the stock.
  • 12/1/2017 – Comerica was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/29/2017 – Comerica had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $83.00 price target on the stock.
  • 11/17/2017 – Comerica was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $90.00 price target on the stock.
  • 11/8/2017 – Comerica had its price target raised by analysts at Deutsche Bank AG from $80.00 to $82.00. They now have a “hold” rating on the stock.
  • 11/1/2017 – Comerica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Comerica have outperformed the industry year to date. This is backed by the company's impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. Further, Comerica’s third-quarter 2017 adjusted earnings surpassed the Zacks Consensus Estimate. Easing margin pressure and higher fee income supported revenues. Prudent cost management was also reflected. However, higher provisions and a fall in loans balance remained major headwinds. Though significant exposure to commercial loans keeps us apprehensive, the company’s future prospects look promising as it improvised the financial targets for revenues and efficiency initiatives (GEAR Up). Notably, a stretched valuation indicates that the stock has limited upside potential.”
  • 10/23/2017 – Comerica had its price target raised by analysts at Nomura from $74.00 to $86.00. They now have a “neutral” rating on the stock.
  • 10/20/2017 – Comerica had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $74.00 price target on the stock.
  • 10/18/2017 – Comerica had its “hold” rating reaffirmed by analysts at DA Davidson. They now have a $81.00 price target on the stock.
  • 10/17/2017 – Comerica had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $84.00 price target on the stock, up previously from $79.00.
  • 10/17/2017 – Comerica had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies.

Comerica Incorporated (NYSE CMA) opened at $83.75 on Friday. The firm has a market capitalization of $14,749.73, a PE ratio of 19.14, a P/E/G ratio of 1.94 and a beta of 1.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. Comerica Incorporated has a 1-year low of $64.04 and a 1-year high of $86.78.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.43%. Comerica’s dividend payout ratio (DPR) is currently 27.15%.

In other news, insider Michael T. Ritchie sold 4,596 shares of Comerica stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $75.08, for a total value of $345,067.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christine M. Moore sold 3,200 shares of Comerica stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $75.07, for a total value of $240,224.00. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.

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