Comerica Incorporated (NYSE:CMA) Given Consensus Rating of “Hold” by Analysts

Shares of Comerica Incorporated (NYSE:CMA) have earned a consensus rating of “Hold” from the twenty-three research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $73.65.

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Comerica from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Piper Sandler set a $82.00 price objective on shares of Comerica and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Raymond James Financial restated a “market perform” rating on shares of Comerica in a report on Tuesday, July 8th. TD Cowen assumed coverage on shares of Comerica in a report on Thursday, September 25th. They issued a “hold” rating and a $75.00 price objective for the company. Finally, Citigroup boosted their price objective on shares of Comerica from $54.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd.

Comerica Trading Down 0.3%

Shares of Comerica stock opened at $77.97 on Tuesday. Comerica has a 1 year low of $48.12 and a 1 year high of $83.22. The firm has a market cap of $10.02 billion, a PE ratio of 14.88 and a beta of 0.96. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.96. The company has a 50 day simple moving average of $72.06 and a two-hundred day simple moving average of $63.94.

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

Insider Buying and Selling

In other news, insider James Mcgregor Carr sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $67.28, for a total value of $269,120.00. Following the completion of the sale, the insider directly owned 33,471 shares in the company, valued at approximately $2,251,928.88. The trade was a 10.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Allysun C. Fleming sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $67.03, for a total transaction of $140,763.00. Following the completion of the sale, the executive vice president owned 9,424 shares of the company’s stock, valued at approximately $631,690.72. The trade was a 18.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Greenleaf Trust increased its stake in shares of Comerica by 1.7% in the third quarter. Greenleaf Trust now owns 7,753 shares of the financial services provider’s stock worth $531,000 after buying an additional 131 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of Comerica by 3.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,542 shares of the financial services provider’s stock worth $311,000 after buying an additional 161 shares during the period. Lynx Investment Advisory increased its stake in shares of Comerica by 3.3% in the second quarter. Lynx Investment Advisory now owns 5,135 shares of the financial services provider’s stock worth $306,000 after buying an additional 163 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Comerica by 41.8% in the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $35,000 after buying an additional 176 shares during the period. Finally, Parallel Advisors LLC increased its position in Comerica by 19.6% during the 2nd quarter. Parallel Advisors LLC now owns 1,152 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 189 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Comerica Company Profile

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities.