Comerica’s (CMA) Overweight Rating Reaffirmed at Stephens

Stephens reiterated their overweight rating on shares of Comerica (NYSE:CMA) in a research note published on Wednesday morning,Benzinga reports. They currently have a $72.00 price objective on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group downgraded Comerica from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $85.00 to $71.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price target on Comerica from $73.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. UBS Group started coverage on shares of Comerica in a research report on Tuesday, December 17th. They issued a “sell” rating and a $64.00 price objective for the company. Keefe, Bruyette & Woods reduced their target price 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. Finally, Argus upgraded shares of Comerica to a “hold” rating in a research note on Friday, January 31st. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.67.

Comerica Trading Down 0.2 %

NYSE CMA opened at $59.41 on Wednesday. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 11.83 and a beta of 1.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.97 and a current ratio of 0.97. Comerica has a one year low of $45.32 and a one year high of $73.45. The company’s 50 day moving average price is $64.48 and its 200 day moving average price is $63.31.

Comerica (NYSE:CMA) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 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 quarter in the previous year, the company posted $1.46 earnings per share. On average, sell-side analysts predict that Comerica will post 5.28 EPS for the current year.

Comerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Friday, March 14th. Comerica’s dividend payout ratio is presently 56.57%.

Institutional Trading of Comerica

Institutional investors and hedge funds have recently modified their holdings of the business. Trust Co. of Vermont grew its position in shares of Comerica by 300.0% during the 4th quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock valued at $26,000 after buying an additional 321 shares during the last quarter. Luken Investment Analytics LLC acquired a new position in Comerica in the fourth quarter valued at approximately $31,000. MCF Advisors LLC grew its holdings in shares of Comerica by 56.3% during the fourth 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Comerica during the third quarter valued at approximately $42,000. Finally, V Square Quantitative Management LLC raised its position in shares of Comerica by 36.7% during the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 221 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

About Comerica

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.