Comerica Incorporated (NYSE:CMA) Receives $74.26 Consensus Target Price from Analysts

Shares of Comerica Incorporated (NYSE:CMA) have earned a consensus rating of “Hold” from the twenty-two ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $74.2632.

CMA has been the subject of a number of recent research reports. Cowen began coverage on Comerica in a research note on Wednesday, September 24th. They issued a “hold” rating for the company. Wells Fargo & Company raised their price objective on shares of Comerica from $65.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Morgan Stanley raised shares of Comerica from an “underweight” rating to an “equal weight” rating and set a $83.00 target price on the stock in a research note on Tuesday, October 7th. Cantor Fitzgerald began coverage on shares of Comerica in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $72.00 price target for the company. Finally, Piper Sandler set a $82.00 price target on shares of Comerica and gave the stock a “neutral” rating in a report on Tuesday, October 7th.

Comerica Trading Up 0.5%

Shares of Comerica stock opened at $88.28 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $80.20 and its 200-day simple moving average is $70.90. The stock has a market cap of $11.28 billion, a P/E ratio of 16.85 and a beta of 1.07. Comerica has a 1-year low of $48.12 and a 1-year high of $90.44.

Comerica (NYSE:CMA) last posted its quarterly earnings results on Monday, December 9th. The financial services provider reported $1.53 EPS for the quarter. Comerica had a return on equity of 10.69% and a net margin of 14.91%.The firm had revenue of $824.00 million during the quarter. Analysts predict that Comerica will post 5.28 EPS for the current fiscal year.

Comerica Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Monday, December 15th will be given a $0.71 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.84 dividend on an annualized basis and a yield of 3.2%. Comerica’s payout ratio is currently 54.20%.

Hedge Funds Weigh In On Comerica

A number of hedge funds have recently modified their holdings of CMA. United Community Bank purchased a new stake in Comerica in the 3rd quarter valued at about $26,000. JPL Wealth Management LLC acquired a new stake in shares of Comerica during the third quarter valued at about $27,000. Center for Financial Planning Inc. raised its stake in shares of Comerica by 41.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 514 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 150 shares during the period. Community Bank N.A. acquired a new position in shares of Comerica in the 3rd quarter worth approximately $36,000. Finally, Root Financial Partners LLC purchased a new position in shares of Comerica during the 3rd quarter worth approximately $40,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

About Comerica

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.