Comerica Incorporated (NYSE:CMA) Given Average Rating of “Hold” by Brokerages

Comerica Incorporated (NYSE:CMA) has earned a consensus rating of “Hold” from the nineteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $79.5556.

Several equities research analysts recently commented on CMA shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $93.00 price target (up previously from $73.00) on shares of Comerica in a research note on Friday, October 10th. Royal Bank Of Canada boosted their target price on shares of Comerica from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Evercore ISI set a $89.00 price target on shares of Comerica in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Comerica in a research note on Wednesday, January 21st. Finally, UBS Group upgraded shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Tuesday, January 6th.

Comerica Trading Down 2.0%

NYSE CMA opened at $90.98 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.74. Comerica has a 1-year low of $48.12 and a 1-year high of $99.41. The firm’s fifty day simple moving average is $89.09 and its 200-day simple moving average is $78.21. The company has a market capitalization of $11.63 billion, a PE ratio of 17.20 and a beta of 1.04.

Comerica (NYSE:CMA) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.18. Comerica had a return on equity of 10.74% and a net margin of 15.07%.The firm had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $851.32 million. During the same quarter last year, the firm earned $1.20 earnings per share. As a group, sell-side analysts anticipate that Comerica will post 5.28 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Allysun C. Fleming sold 8,864 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $94.47, for a total transaction of $837,382.08. Following the transaction, the executive vice president owned 4,785 shares of the company’s stock, valued at approximately $452,038.95. This represents a 64.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James Harry Weber sold 8,798 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $98.04, for a total value of $862,555.92. Following the completion of the sale, the executive vice president owned 20,543 shares of the company’s stock, valued at approximately $2,014,035.72. This trade represents a 29.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 27,662 shares of company stock valued at $2,680,538. Insiders own 1.10% of the company’s stock.

Institutional Trading of Comerica

Several large investors have recently modified their holdings of the company. Versor Investments LP bought a new position in Comerica in the 4th quarter worth $18,901,000. ABC Arbitrage SA bought a new stake in Comerica during the fourth quarter valued at about $7,060,000. NewEdge Wealth LLC grew its position in shares of Comerica by 2.3% in the fourth quarter. NewEdge Wealth LLC now owns 641,793 shares of the financial services provider’s stock valued at $55,791,000 after purchasing an additional 14,504 shares during the last quarter. Ethic Inc. increased its stake in shares of Comerica by 10.7% in the fourth quarter. Ethic Inc. now owns 31,042 shares of the financial services provider’s stock worth $2,698,000 after purchasing an additional 3,010 shares during the period. Finally, Kessler Investment Group LLC acquired a new position in shares of Comerica during the 4th quarter worth about $342,000. 80.74% of the stock is owned by institutional investors.

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.