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

Shares of Comerica Incorporated (NYSE:CMA) have been assigned an average rating of “Hold” from the twenty-one analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $79.5556.

A number of analysts have weighed in on CMA shares. TD Cowen increased their target price on shares of Comerica from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of Comerica from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. UBS Group raised shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Tuesday. Piper Sandler set a $82.00 target price on Comerica and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, Jefferies Financial Group increased their price target on Comerica from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Tuesday, October 7th.

Hedge Funds Weigh In On Comerica

Several institutional investors have recently modified their holdings of the company. United Community Bank acquired a new stake in shares of Comerica during the third quarter worth $26,000. JPL Wealth Management LLC bought a new position in Comerica during the third quarter valued at approximately $27,000. FNY Investment Advisers LLC bought a new position in shares of Comerica during the 2nd quarter valued at $35,000. Center for Financial Planning Inc. lifted its stake in shares of Comerica by 41.2% in 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 last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in 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 purchasing an additional 176 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Comerica Price Performance

CMA opened at $91.53 on Friday. Comerica has a twelve month low of $48.12 and a twelve month high of $93.78. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 17.47 and a beta of 1.03. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $83.86 and a 200 day simple moving average of $74.37.

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

Comerica Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Monday, December 15th were given a $0.71 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.84 annualized dividend and a yield of 3.1%. Comerica’s dividend payout ratio (DPR) is currently 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.