Weekly Investment Analysts’ Ratings Updates for Comerica (CMA)

A number of firms have modified their ratings and price targets on shares of Comerica (NYSE: CMA) recently:

  • 9/19/2017 – Comerica was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Comerica have underperformed the industry year to date. Yet, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. However, its exposure to Michigan and California, two challenging economies, remains a headwind. Also, significant exposure to commercial loans keeps us apprehensive. Further, a stretched valuation indicates that the stock has limited upside potential.”
  • 9/16/2017 – Comerica had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $80.00 price target on the stock, up previously from $78.00.
  • 9/15/2017 – Comerica had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $81.00 price target on the stock.
  • 9/12/2017 – Comerica was upgraded by analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating. They now have a $80.00 price target on the stock, up previously from $76.00.
  • 9/8/2017 – Comerica had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $79.00 price target on the stock.
  • 9/8/2017 – Comerica had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $82.00 price target on the stock.
  • 9/1/2017 – Comerica had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $76.00 price target on the stock.
  • 8/25/2017 – Comerica had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $70.00 price target on the stock.
  • 8/23/2017 – Comerica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Comerica’s shares have outperformed the industry over the past year. The company’s second-quarter 2017 results surpassed the Zacks Consensus Estimate. Results reflected increased revenues and improving credit quality along with lower expenses. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. Notably, the expectation of lesser regulations will act as a tailwind for the company in the medium term. Though exposure to Michigan and California, two challenging economies, remains a headwind, Comerica’s active involvement in capital deployment activities is commendable.”
  • 8/17/2017 – Comerica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock. According to Zacks, “Comerica’s shares have outperformed the industry over the past year. The company’s second-quarter 2017 results surpassed the Zacks Consensus Estimate. Results reflected increased revenues and improving credit quality along with lower expenses. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. Notably, the expectation of lesser regulations will act as a tailwind for the company in the medium term. Though exposure to Michigan and California, two challenging economies, remains a headwind, Comerica’s active involvement in capital deployment activities is commendable.”
  • 8/14/2017 – Comerica was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/9/2017 – Comerica is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $73.00 price target on the stock.
  • 8/8/2017 – Comerica was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/4/2017 – Comerica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Comerica’s shares have outperformed the industry over the last six months. The company’s second-quarter 2017 results surpassed the Zacks Consensus Estimate. Results reflected increased revenues and improving credit quality along with lower expenses. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. Notably, the expectation of lesser regulations will act as a tailwind for the company in the medium term. Though exposure to Michigan and California, two challenging economies, remains a headwind, Comerica’s active involvement in capital deployment activities is commendable.”
  • 8/3/2017 – Comerica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $81.00 price target on the stock. According to Zacks, “Comerica’s shares have outperformed the industry over the last six months. The company’s second-quarter 2017 results surpassed the Zacks Consensus Estimate. Results reflected increased revenues and improving credit quality along with lower expenses. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. Notably, the expectation of lesser regulations will act as a tailwind for the company in the medium term. Though exposure to Michigan and California, two challenging economies, remains a headwind, Comerica’s active involvement in capital deployment activities is commendable.”
  • 8/1/2017 – Comerica was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Comerica had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $76.00 price target on the stock.
  • 7/28/2017 – Comerica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Comerica’s shares have outperformed the industry over the last one year. The company’s second-quarter 2017 results surpassed the Zacks Consensus Estimate. Results reflected increased revenues and improving credit quality along with lower expenses. Comerica’s future prospects look promising as it improvised the financial targets for revenue and efficiency initiatives (GEAR Up). Further, easing of margin pressure driven by the Fed rate hikes is encouraging. Notably, the expectation of lesser regulations will act as a tailwind for the company in the medium term. Comerica’s active involvement in capital deployment activities is commendable. However, exposure to Michigan and California, two challenging economies, remains a headwind.”
  • 7/25/2017 – Comerica was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Comerica Incorporated (NYSE:CMA) opened at 71.84 on Wednesday. Comerica Incorporated has a 1-year low of $45.14 and a 1-year high of $75.72. The firm has a market cap of $12.64 billion, a PE ratio of 17.94 and a beta of 1.49. The stock has a 50 day moving average of $69.91 and a 200 day moving average of $70.59.

Comerica (NYSE:CMA) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.06 by $0.07. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $777.08 million. Comerica had a net margin of 23.22% and a return on equity of 9.60%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Equities research analysts anticipate that Comerica Incorporated will post $4.60 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.67%. This is a positive change from Comerica’s previous quarterly dividend of $0.26. Comerica’s dividend payout ratio is currently 30.00%.

In related news, insider Judith S. Love sold 21,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $69.74, for a total value of $1,464,540.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter William Guilfoile sold 2,928 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $69.50, for a total transaction of $203,496.00. The disclosure for this sale can be found here. Insiders have sold 44,249 shares of company stock valued at $3,095,383 in the last 90 days. Insiders own 1.10% of the company’s stock.

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.

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