Comerica Incorporated (NYSE:CMA) Receives $79.56 Consensus Price Target from Brokerages

Comerica Incorporated (NYSE:CMA) has earned a consensus rating of “Hold” from the nineteen research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $79.5556.

Several research analysts have issued reports on CMA shares. Citigroup lifted their price target on shares of Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 30th. Evercore set a $89.00 target price on Comerica in a report on Tuesday, January 6th. TD Cowen reaffirmed a “hold” rating on shares of Comerica in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Comerica in a research note on Wednesday, January 21st. Finally, 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 research report on Tuesday, January 6th.

Insiders Place Their Bets

In other Comerica news, insider James Mcgregor Carr sold 10,000 shares of Comerica stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $98.06, for a total transaction of $980,600.00. Following the transaction, the insider directly owned 23,959 shares in the company, valued at approximately $2,349,419.54. The trade was a 29.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Allysun C. Fleming sold 8,864 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $94.47, for a total value of $837,382.08. Following the completion of the sale, the executive vice president owned 4,785 shares of the company’s stock, valued at $452,038.95. The trade was a 64.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 27,662 shares of company stock worth $2,680,538. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Comerica

Several institutional investors and hedge funds have recently bought and sold shares of CMA. Caitong International Asset Management Co. Ltd lifted its position in shares of Comerica by 80,366.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,414 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 2,411 shares in the last quarter. DGS Capital Management LLC purchased a new position in Comerica during the fourth quarter valued at approximately $225,000. Virtu Financial LLC acquired a new position in Comerica in the 4th quarter valued at approximately $3,428,000. Compound Planning Inc. lifted its position in Comerica by 18.3% in the 4th quarter. Compound Planning Inc. now owns 4,396 shares of the financial services provider’s stock worth $382,000 after buying an additional 679 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Comerica by 4.2% during the 4th quarter. Invesco Ltd. now owns 2,038,272 shares of the financial services provider’s stock valued at $177,187,000 after buying an additional 82,638 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Comerica Price Performance

Shares of Comerica stock opened at $90.98 on Monday. Comerica has a 52 week low of $48.12 and a 52 week high of $99.41. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.74. The stock has a market cap of $11.63 billion, a PE ratio of 17.20 and a beta of 1.04. The company’s 50-day moving average price is $91.18 and its two-hundred day moving average price is $81.52.

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

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.