Comerica Incorporated (NYSE:CMA) Receives Consensus Rating of “Hold” from Brokerages

Comerica Incorporated (NYSE:CMA) has received an average recommendation of “Hold” from the twenty-two research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $74.2632.

Several research firms have weighed in on CMA. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $93.00 price target (up previously from $73.00) on shares of Comerica in a report on Friday, October 10th. TD Cowen started coverage on shares of Comerica in a research report on Thursday, September 25th. They set a “hold” rating and a $75.00 target price for the company. Jefferies Financial Group increased their price target on shares of Comerica from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Tuesday, October 7th. Cantor Fitzgerald started coverage on Comerica in a research note on Wednesday, September 10th. They set a “neutral” rating and a $72.00 price target for the company. Finally, Morgan Stanley upgraded Comerica from an “underweight” rating to an “equal weight” rating and set a $83.00 price objective on the stock in a research report on Tuesday, October 7th.

Institutional Investors Weigh In On Comerica

Several institutional investors have recently bought and sold shares of CMA. United Community Bank purchased a new stake in shares of Comerica during the third quarter valued at approximately $26,000. JPL Wealth Management LLC bought a new position in shares of Comerica during the third quarter valued at about $27,000. FNY Investment Advisers LLC purchased a new stake in shares of Comerica during the second quarter worth about $35,000. Center for Financial Planning Inc. increased its holdings in Comerica by 41.2% during the 3rd 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 period. Finally, Geneos Wealth Management Inc. raised its position in Comerica by 41.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 176 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Comerica Stock Performance

Comerica stock opened at $88.87 on Wednesday. The firm’s 50 day simple moving average is $80.61 and its 200 day simple moving average is $71.51. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Comerica has a 1-year low of $48.12 and a 1-year high of $90.44. The firm has a market capitalization of $11.36 billion, a PE ratio of 16.94 and a beta of 1.07.

Comerica (NYSE:CMA) last released its quarterly earnings results on Monday, December 9th. The financial services provider reported $1.53 earnings per share for the quarter. The firm had revenue of $824.00 million for the quarter. Comerica had a net margin of 14.91% and a return on equity of 10.69%. As a group, analysts expect that Comerica will post 5.28 earnings per share for the current fiscal year.

Comerica Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Monday, December 15th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, December 15th. Comerica’s dividend payout ratio is presently 54.20%.

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.