By otakuyassine3@gmail.com 
A number of research firms have changed their ratings and price targets for Comerica (NYSE: CMA):
- 1/7/2025 – Comerica had its price target lowered by analysts at JPMorgan Chase & Co. from $73.00 to $70.00. They now have a “neutral” rating on the stock.
- 1/7/2025 – Comerica was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating. They now have a $71.00 price target on the stock, down previously from $85.00.
- 1/6/2025 – Comerica had its price target raised by analysts at Barclays PLC from $66.00 to $68.00. They now have an “underweight” rating on the stock.
- 1/6/2025 – Comerica was upgraded by analysts at Truist Financial Co. to a “hold” rating.
- 12/17/2024 – Comerica is now covered by analysts at UBS Group AG. They set a “sell” rating and a $64.00 price target on the stock.
- 12/10/2024 – Comerica had its price target raised by analysts at Compass Point from $64.00 to $80.00. They now have a “buy” rating on the stock.
- 12/4/2024 – Comerica had its price target raised by analysts at Keefe, Bruyette & Woods from $72.00 to $82.00. They now have an “outperform” rating on the stock.
- 12/3/2024 – Comerica had its price target raised by analysts at Piper Sandler from $64.00 to $72.00. They now have a “neutral” rating on the stock.
- 11/26/2024 – Comerica had its price target raised by analysts at The Goldman Sachs Group, Inc. from $71.00 to $85.00. They now have a “buy” rating on the stock.
- 11/18/2024 – 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.
- 11/15/2024 – Comerica was upgraded by analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating. They now have a $73.00 price target on the stock, up previously from $51.00.
Comerica Trading Up 3.4 %
CMA stock traded up $2.09 during mid-day trading on Tuesday, reaching $63.01. The company had a trading volume of 1,709,010 shares, compared to its average volume of 1,609,837. The firm has a 50 day moving average of $66.38 and a 200 day moving average of $60.14. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.97 and a quick ratio of 0.97. Comerica Incorporated has a 12 month low of $45.32 and a 12 month high of $73.45. The company has a market capitalization of $8.29 billion, a PE ratio of 15.75 and a beta of 1.23.
Comerica (NYSE:CMA – Get Free Report) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. Comerica had a net margin of 11.17% and a return on equity of 12.54%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $806.49 million. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, equities analysts predict that Comerica Incorporated will post 5.37 earnings per share for the current fiscal year.
Comerica Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Friday, December 13th. Comerica’s dividend payout ratio is currently 71.00%.
Insider Transactions at Comerica
In other Comerica news, EVP James Harry Weber sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $63.23, for a total transaction of $410,995.00. Following the completion of the transaction, the executive vice president now directly owns 15,773 shares of the company’s stock, valued at approximately $997,326.79. This trade represents a 29.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bruce Mitchell sold 7,564 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $62.20, for a total transaction of $470,480.80. Following the completion of the sale, the executive vice president now owns 16,428 shares in the company, valued at $1,021,821.60. The trade was a 31.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,456 shares of company stock valued at $977,287 in the last 90 days. Insiders own 0.19% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of Comerica by 40.4% during the 2nd quarter. Victory Capital Management Inc. now owns 31,347 shares of the financial services provider’s stock valued at $1,600,000 after buying an additional 9,016 shares in the last quarter. Choreo LLC acquired a new stake in shares of Comerica in the second quarter valued at about $292,000. American Century Companies Inc. increased its stake in shares of Comerica by 7.5% during the second quarter. American Century Companies Inc. now owns 245,465 shares of the financial services provider’s stock worth $12,529,000 after purchasing an additional 17,135 shares in the last quarter. Meeder Advisory Services Inc. purchased a new position in Comerica in the 2nd quarter valued at about $228,000. Finally, WINTON GROUP Ltd purchased a new position in Comerica in the 2nd quarter valued at about $1,511,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.
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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