Comerica (CMA) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Comerica (NYSE: CMA):

• 1/23/2025 – Comerica had its price target lowered by analysts at Royal Bank of Canada from $78.00 to $76.00. They now have an “outperform” rating on the stock.
• 1/23/2025 – Comerica had its price target lowered by analysts at Keefe, Bruyette & Woods from $82.00 to $77.00. They now have an “outperform” rating on the stock.
• 1/23/2025 – Comerica had its price target lowered by analysts at Robert W. Baird from $80.00 to $75.00. They now have an “outperform” rating on the stock.
• 1/23/2025 – Comerica had its price target lowered by analysts at DA Davidson from $71.00 to $67.00. They now have a “neutral” rating on the stock.
• 1/23/2025 – Comerica had its price target lowered by analysts at Morgan Stanley from $76.00 to $71.00. They now have an “equal weight” rating on the stock.
• 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.

Comerica Price Performance

NYSE CMA traded up $2.74 during trading hours on Tuesday, hitting $68.69. 1,116,443 shares of the company’s stock traded hands, compared to its average volume of 2,117,385. Comerica Incorporated has a 52-week low of $45.32 and a 52-week high of $73.45. The company has a market capitalization of $9.03 billion, a PE ratio of 13.68 and a beta of 1.25. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s 50-day moving average is $65.07 and its 200-day moving average is $61.39.

Comerica (NYSE:CMA) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). Comerica had a net margin of 13.98% and a return on equity of 12.04%. During the same period last year, the firm earned $1.46 earnings per share. Equities analysts forecast that Comerica Incorporated will post 5.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Allysun C. Fleming sold 1,392 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $68.83, for a total transaction of $95,811.36. Following the completion of the transaction, the executive vice president now directly owns 8,730 shares in the company, valued at approximately $600,885.90. This represents a 13.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Comerica

A number of institutional investors have recently modified their holdings of CMA. Wedmont Private Capital lifted its stake in Comerica by 2.4% during the fourth quarter. Wedmont Private Capital now owns 7,870 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 186 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Comerica by 5.2% in the 4th quarter. Blue Trust Inc. now owns 4,040 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 200 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of Comerica by 36.7% in the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock worth $51,000 after buying an additional 221 shares in the last quarter. MCF Advisors LLC increased its holdings in Comerica by 56.3% during the 4th quarter. MCF Advisors LLC now owns 633 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 228 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its stake in shares of Comerica by 5.2% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,068 shares of the financial services provider’s stock valued at $304,000 after buying an additional 252 shares during the period. 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.