Several brokerages have updated their recommendations and price targets on shares of Comerica (NYSE: CMA) in the last few weeks:
- 4/2/2025 – Comerica had its price target lowered by analysts at Raymond James from $72.00 to $67.00. They now have an “outperform” rating on the stock.
- 3/31/2025 – Comerica was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating. They now have a $64.00 price target on the stock, down previously from $66.00.
- 3/28/2025 – Comerica had its price target lowered by analysts at Wells Fargo & Company from $70.00 to $67.00. They now have an “equal weight” rating on the stock.
- 3/13/2025 – Comerica had its price target lowered by analysts at Morgan Stanley from $71.00 to $63.00. They now have an “equal weight” rating on the stock.
- 3/5/2025 – Comerica had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $72.00 price target on the stock.
- 2/11/2025 – Comerica had its price target raised by analysts at Robert W. Baird from $75.00 to $80.00. They now have an “outperform” rating on the stock.
Comerica Trading Down 10.0 %
CMA stock traded down $5.92 during trading on Thursday, reaching $53.32. The company had a trading volume of 2,919,560 shares, compared to its average volume of 2,162,565. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. Comerica Incorporated has a 52 week low of $45.32 and a 52 week high of $73.45. The business has a 50 day moving average of $62.70 and a 200 day moving average of $63.62. The company has a market cap of $7.00 billion, a P/E ratio of 10.62 and a beta of 1.23.
Comerica (NYSE:CMA – Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.05). Comerica had a return on equity of 12.04% and a net margin of 13.98%. During the same period in the prior year, the business posted $1.46 earnings per share. As a group, sell-side analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.
Comerica Dividend Announcement
Institutional Trading of Comerica
A number of hedge funds and other institutional investors have recently modified their holdings of CMA. Wedmont Private Capital lifted its position in Comerica by 2.4% during the 4th quarter. Wedmont Private Capital now owns 7,870 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 186 shares during the period. Blue Trust Inc. increased its stake in shares of Comerica by 5.2% during the fourth quarter. Blue Trust Inc. now owns 4,040 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 200 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Comerica by 2.0% during the fourth quarter. Bessemer Group Inc. now owns 10,859 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 211 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Comerica by 36.7% during the fourth quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 221 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Comerica by 2.0% in the 4th quarter. US Bancorp DE now owns 11,823 shares of the financial services provider’s stock worth $731,000 after purchasing an additional 227 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.
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.
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