Comerica Incorporated (NYSE:CMA) Receives Consensus Recommendation of “Hold” from Analysts

Comerica Incorporated (NYSE:CMA) has been given an average rating of “Hold” by the twenty-two research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $68.29.

CMA has been the topic of a number of recent analyst reports. DA Davidson reduced their price target on shares of Comerica from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Royal Bank of Canada cut their price objective on shares of Comerica from $78.00 to $76.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods cut their price objective on shares of Comerica from $82.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on shares of Comerica from $73.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, UBS Group began coverage on shares of Comerica in a research report on Tuesday, December 17th. They issued a “sell” rating and a $64.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Wedmont Private Capital grew its stake in Comerica by 2.4% in the 4th quarter. Wedmont Private Capital now owns 7,870 shares of the financial services provider’s stock valued at $474,000 after buying an additional 186 shares during the last quarter. Blue Trust Inc. grew its stake in Comerica by 5.2% in the 4th quarter. Blue Trust Inc. now owns 4,040 shares of the financial services provider’s stock valued at $242,000 after buying an additional 200 shares during the last quarter. Bessemer Group Inc. grew its stake in Comerica by 2.0% in the 4th quarter. Bessemer Group Inc. now owns 10,859 shares of the financial services provider’s stock valued at $672,000 after buying an additional 211 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Comerica by 36.7% in the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock valued at $51,000 after buying an additional 221 shares during the last quarter. Finally, US Bancorp DE grew its stake in Comerica by 2.0% in the 4th quarter. US Bancorp DE now owns 11,823 shares of the financial services provider’s stock valued at $731,000 after buying an additional 227 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Comerica Trading Down 0.1 %

Shares of NYSE CMA opened at $58.99 on Monday. The company’s fifty day moving average is $63.47 and its 200-day moving average is $63.49. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 11.75 and a beta of 1.23. Comerica has a twelve month low of $45.32 and a twelve month high of $73.45. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.09.

Comerica (NYSE:CMA) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm earned $1.46 EPS. Equities research analysts predict that Comerica will post 5.28 EPS for the current year.

Comerica Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.84 annualized dividend and a dividend yield of 4.81%. Comerica’s dividend payout ratio is presently 56.57%.

Comerica Company Profile

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.