Comerica (NYSE:CMA) Stock Price Expected to Rise, TD Cowen Analyst Says

Comerica (NYSE:CMA) had its price target upped by stock analysts at TD Cowen from $89.00 to $94.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target would indicate a potential upside of 1.56% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Royal Bank Of Canada raised their price objective on Comerica from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Wells Fargo & Company raised their price target on Comerica from $65.00 to $97.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Cowen reiterated a “hold” rating on shares of Comerica in a research note on Wednesday. Cantor Fitzgerald initiated coverage on Comerica in a report on Wednesday, September 10th. They issued a “neutral” rating and a $72.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Comerica from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.56.

Comerica Price Performance

Shares of CMA opened at $92.56 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. Comerica has a twelve month low of $48.12 and a twelve month high of $93.78. The stock has a market capitalization of $11.83 billion, a P/E ratio of 17.66 and a beta of 1.03. The company has a 50 day moving average of $83.56 and a 200-day moving average of $74.02.

Comerica (NYSE:CMA) last announced its earnings results on Monday, December 9th. The financial services provider reported $1.53 EPS for the quarter. Comerica had a net margin of 14.91% and a return on equity of 10.69%. The business had revenue of $824.00 million during the quarter. As a group, equities research analysts forecast that Comerica will post 5.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Comerica

Several large investors have recently modified their holdings of CMA. United Community Bank bought a new stake in shares of Comerica during the 3rd quarter worth about $26,000. JPL Wealth Management LLC acquired a new stake in Comerica during the third quarter worth approximately $27,000. FNY Investment Advisers LLC bought a new stake in shares of Comerica during the second quarter worth approximately $35,000. Center for Financial Planning Inc. grew its position in shares of Comerica by 41.2% in the third quarter. Center for Financial Planning Inc. now owns 514 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 150 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Comerica by 41.8% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 176 shares during the period. 80.74% of the stock is owned by institutional investors.

Comerica Company Profile

Comerica Incorporated is a diversified financial services company headquartered in Dallas, Texas, operating as Comerica Bank. The company offers a comprehensive suite of banking and financial solutions to businesses, professionals, and individuals. Its principal business activities encompass commercial banking services—such as treasury management, lending, and international trade finance—alongside retail banking products like deposit accounts, consumer loans, and credit cards. In addition, Comerica provides wealth management and trust services, financial advisory, and capital markets solutions to support clients’ complex financial needs.

Established in Detroit in 1849 as the Detroit Savings Fund Institute, Comerica has evolved over more than 170 years to become a regional banking leader.