Comerica (NYSE:CMA)‘s stock had its “buy” rating restated by equities research analysts at Vining Sparks in a research report issued to clients and investors on Monday, January 8th. They presently have a $97.50 price objective on the financial services provider’s stock. Vining Sparks’ target price suggests a potential upside of 4.79% from the company’s previous close.
A number of other research analysts have also commented on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $101.00 price objective on shares of Comerica in a research note on Friday, December 22nd. Instinet upgraded shares of Comerica from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Nomura upgraded shares of Comerica from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $86.00 to $106.00 in a research report on Friday, January 5th. Barclays lifted their price target on shares of Comerica from $76.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets restated a “hold” rating and issued a $91.00 price target on shares of Comerica in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.07.
Shares of Comerica (CMA) traded up $0.52 during mid-day trading on Monday, hitting $93.04. 1,623,500 shares of the stock traded hands, compared to its average volume of 1,484,022. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. Comerica has a twelve month low of $64.04 and a twelve month high of $93.54. The company has a market capitalization of $16,180.00, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.50.
In other news, EVP Christine M. Moore sold 3,200 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $75.07, for a total transaction of $240,224.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael T. Ritchie sold 4,596 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $75.08, for a total transaction of $345,067.68. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Zeke Capital Advisors LLC acquired a new stake in shares of Comerica during the 3rd quarter valued at about $200,000. IBM Retirement Fund acquired a new stake in shares of Comerica during the 3rd quarter valued at about $200,000. BB&T Corp acquired a new stake in shares of Comerica during the 3rd quarter valued at about $206,000. West Oak Capital LLC boosted its position in shares of Comerica by 1,040.7% during the 4th quarter. West Oak Capital LLC now owns 2,806 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 2,560 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Comerica during the 2nd quarter valued at about $208,000. Institutional investors own 81.95% of the company’s stock.
Comerica Company Profile
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.
Receive News & Ratings for Comerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comerica and related companies with MarketBeat.com's FREE daily email newsletter.