Comerica Incorporated (NYSE:CMA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Comerica Incorporated (NYSE:CMA) have been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seventeen have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $79.5556.

CMA has been the subject of several research reports. Piper Sandler set a $82.00 target price on Comerica and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada increased their price objective on shares of Comerica from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Cowen reiterated a “hold” rating on shares of Comerica in a research report on Wednesday. Evercore ISI set a $89.00 target price on shares of Comerica in a research note on Tuesday. Finally, Wells Fargo & Company increased their price target on shares of Comerica from $65.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th.

Hedge Funds Weigh In On Comerica

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. bought a new stake in shares of Comerica in the 3rd quarter valued at about $1,160,000. Baron Wealth Management LLC acquired a new stake in Comerica during the 2nd quarter valued at $240,000. Gateway Investment Advisers LLC increased its holdings in shares of Comerica by 87.6% in the third quarter. Gateway Investment Advisers LLC now owns 50,686 shares of the financial services provider’s stock valued at $3,473,000 after purchasing an additional 23,675 shares during the last quarter. First Trust Advisors LP raised its position in shares of Comerica by 11.9% in the second quarter. First Trust Advisors LP now owns 654,103 shares of the financial services provider’s stock valued at $39,017,000 after purchasing an additional 69,392 shares during the period. Finally, Applied Finance Capital Management LLC acquired a new stake in shares of Comerica during the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Comerica Price Performance

Shares of Comerica stock opened at $91.53 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $83.86 and a 200-day simple moving average of $74.37. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 17.47 and a beta of 1.03. Comerica has a 1-year low of $48.12 and a 1-year high of $93.78.

Comerica (NYSE:CMA) last posted its quarterly earnings data on Monday, December 9th. The financial services provider reported $1.53 earnings per share for the quarter. The business had revenue of $824.00 million during the quarter. Comerica had a return on equity of 10.69% and a net margin of 14.91%. On average, sell-side analysts expect that Comerica will post 5.28 earnings per share for the current year.

Comerica Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Monday, December 15th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, December 15th. Comerica’s dividend payout ratio is currently 54.20%.

About Comerica

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.