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

Shares of Comerica Incorporated (NYSE:CMA) have received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen 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 issued a report on the stock in the last year is $79.5556.

Several equities research analysts recently weighed in on CMA shares. Evercore ISI set a $89.00 target price on shares of Comerica in a research note on Tuesday, January 6th. UBS Group upgraded Comerica from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Tuesday, January 6th. TD Cowen restated a “hold” rating on shares of Comerica in a research report on Wednesday, January 7th. Royal Bank Of Canada upped their target price on Comerica from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company lifted their price target on shares of Comerica from $65.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th.

Comerica Trading Down 2.0%

Shares of Comerica stock opened at $90.98 on Thursday. Comerica has a 1 year low of $48.12 and a 1 year high of $99.41. The company’s fifty day simple moving average is $89.09 and its 200-day simple moving average is $78.21. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 17.20 and a beta of 1.04. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.74.

Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.18. The firm had revenue of $850.00 million during the quarter, compared to the consensus estimate of $851.32 million. Comerica had a net margin of 15.07% and a return on equity of 10.74%. During the same period in the prior year, the firm earned $1.20 EPS. As a group, sell-side analysts expect that Comerica will post 5.28 EPS for the current year.

Insider Activity

In other news, insider James Mcgregor Carr sold 10,000 shares of Comerica stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $98.06, for a total transaction of $980,600.00. Following the sale, the insider directly owned 23,959 shares in the company, valued at approximately $2,349,419.54. The trade was a 29.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Harry Weber sold 8,798 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $98.04, for a total transaction of $862,555.92. Following the completion of the transaction, the executive vice president directly owned 20,543 shares of the company’s stock, valued at $2,014,035.72. This trade represents a 29.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 27,662 shares of company stock worth $2,680,538. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Comerica

Several institutional investors have recently bought and sold shares of the stock. CWM LLC raised its stake in Comerica by 0.9% during the fourth quarter. CWM LLC now owns 13,226 shares of the financial services provider’s stock worth $1,150,000 after acquiring an additional 118 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Comerica by 1.7% in the 3rd quarter. Greenleaf Trust now owns 7,753 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 131 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Comerica by 0.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 30,380 shares of the financial services provider’s stock worth $2,082,000 after purchasing an additional 131 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in Comerica by 2.8% during the 3rd quarter. Cresset Asset Management LLC now owns 5,073 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 139 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its position in 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 buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

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.