Comerica (NYSE:CMA) had its price target lowered by Barclays from $81.00 to $74.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has an underweight rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. Odeon Capital Group downgraded shares of Comerica from a buy rating to a sell rating in a research note on Wednesday, September 4th. Piper Jaffray Companies set a $91.00 target price on shares of Comerica and gave the company a buy rating in a research note on Tuesday, June 11th. Goldman Sachs Group downgraded shares of Comerica from a neutral rating to a sell rating and set a $70.00 target price for the company. in a research note on Tuesday, July 2nd. Wedbush decreased their target price on shares of Comerica from $75.00 to $71.00 and set a neutral rating for the company in a research note on Thursday, August 22nd. Finally, ValuEngine upgraded shares of Comerica from a strong sell rating to a sell rating in a research note on Wednesday, September 4th. Seven analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. Comerica presently has a consensus rating of Hold and a consensus target price of $81.48.

Comerica stock opened at $65.60 on Thursday. Comerica has a 52-week low of $58.54 and a 52-week high of $95.39. The firm has a fifty day moving average of $63.85 and a 200-day moving average of $72.53. The firm has a market capitalization of $9.67 billion, a P/E ratio of 9.06, a PEG ratio of 0.58 and a beta of 1.52. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.90.

Comerica (NYSE:CMA) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.07). Comerica had a return on equity of 16.92% and a net margin of 33.29%. The business had revenue of $853.00 million during the quarter, compared to analyst estimates of $859.09 million. During the same period in the previous year, the company earned $1.87 EPS. Comerica’s revenue was up 1.8% on a year-over-year basis. On average, research analysts expect that Comerica will post 7.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.09%. Comerica’s dividend payout ratio (DPR) is 37.02%.

Several large investors have recently modified their holdings of CMA. CWM LLC increased its holdings in shares of Comerica by 47,467.0% in the 2nd quarter. CWM LLC now owns 201,684 shares of the financial services provider’s stock worth $14,650,000 after acquiring an additional 201,260 shares during the period. Farr Miller & Washington LLC DC increased its holdings in shares of Comerica by 3.1% in the 2nd quarter. Farr Miller & Washington LLC DC now owns 5,754 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 172 shares during the period. Pinebridge Investments L.P. increased its holdings in shares of Comerica by 34.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 320,030 shares of the financial services provider’s stock worth $23,247,000 after acquiring an additional 81,408 shares during the period. Hancock Whitney Corp increased its holdings in shares of Comerica by 43.6% in the 1st quarter. Hancock Whitney Corp now owns 132,341 shares of the financial services provider’s stock worth $9,703,000 after acquiring an additional 40,168 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in shares of Comerica by 0.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 840,101 shares of the financial services provider’s stock worth $61,596,000 after acquiring an additional 5,625 shares during the period. 86.54% of the stock is currently owned by institutional investors.

About Comerica

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers 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 middle market businesses, multinational corporations, and governmental entities.

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Analyst Recommendations for Comerica (NYSE:CMA)

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