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The Comerica Incorporated (CMA) Given Average Rating of "Hold" by Analysts

07 Décembre 2017

Its up 0.39, from 0.96 in 2017Q1. It increased, as 22 investors sold Comerica Incorporated shares while 145 reduced holdings.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.10.

ILLEGAL ACTIVITY WARNING: "Comerica Incorporated (CMA) Stake Increased by Russell Investments Group Ltd." was posted by Week Herald and is the property of of Week Herald. Vanguard Group Inc. boosted its stake in Comerica by 6.7% during the 2nd quarter. BMO Capital and their recent target price per share would suggest a potential downside of -3.50 % from the company's close price. The Massachusetts-based Baldwin Brothers Ma has invested 0.02% in Comerica Incorporated (NYSE:CMA). Dorsey Wright reported 24,757 shares or 0.71% of all its holdings. Point72 Asia Hong Kong Ltd now owns 1,996 shares of the financial services provider's stock worth $137,000 after buying an additional 323 shares during the period. The United Kingdom-based Aviva Public Limited has invested 0.04% in Comerica Incorporated (NYSE:CMA). Etrade Cap Ltd reported 0.01% of its portfolio in Comerica Incorporated (NYSE:CMA). 1,365,893 shares of the stock were exchanged, compared to its average volume of 1,704,584. Dnb Asset Mngmt As holds 81,311 shares or 0% of its portfolio.

Comerica (NYSE:CMA) last announced its earnings results on Tuesday, October 17th. Daiwa Sb Investments owns 130 shares. Utah Retirement holds 0.06% of its portfolio in Comerica Incorporated (NYSE:CMA) for 32,296 shares. 28,696 were accumulated by Montag A Associates.

BMO Capital now has a $81.0 target price on shares of Comerica Inc (NYSE:CMA). The average twelve-month target price among brokers that have issued ratings on the stock in the a year ago is $64.75. This key information was released in an analyst report on Tuesday, 3 October. Keefe, Bruyette & Woods restated a "buy" rating and set a $79.00 price target on shares of Comerica in a report on Friday, September 22nd. Therefore 41% are positive. Comerica Inc has $86 highest and $34 lowest target. The company now has a consensus rating of "Hold" and an average target price of $79.81. Comerica Inc had 97 analyst reports since July 20, 2015 according to SRatingsIntel. As per Thursday, July 27, the company rating was maintained by Piper Jaffray. As per Friday, June 16, the company rating was maintained by Wood. On Thursday, September 7 the stock rating was maintained by RBC Capital Markets with "Buy".

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Among 29 analysts covering Comerica Inc (NYSE:CMA), 12 have Buy rating, 2 Sell and 15 Hold. The stock has "Neutral" rating by Goldman Sachs on Thursday, May 19. The firm has "Neutral" rating given on Wednesday, November 30 by Wedbush. Stifel Nicolaus maintained it with "Buy" rating and $17100 target in Friday, July 14 report. The firm earned "Hold" rating on Friday, September 29 by Robert W. Baird. Citigroup maintained the stock with "Sell" rating in Monday, October 9 report.

In related news, CEO Ralph W. Babb, Jr. sold 83,600 shares of the stock in a transaction dated Monday, May 1st. Vanguard Group Inc. now owns 18,161,488 shares of the financial services provider's stock valued at $1,330,147,000 after purchasing an additional 1,142,275 shares during the period. Comerica Incorporated (NYSE:CMA) has risen 54.07% since December 6, 2016 and is uptrending. It has outperformed by 37.37% the S&P500.

Several analysts recently issued reports on CMA shares. They expect $1.25 earnings per share, up 26.26 % or $0.26 from last year's $0.99 per share. After $1.27 actual EPS reported by Comerica Incorporated for the previous quarter, Wall Street now forecasts -1.57 % negative EPS growth. BlackRock Inc. now owns 11,319,900 shares of the financial services provider's stock worth $829,069,000 after purchasing an additional 51,426 shares in the last quarter. The firm has a market capitalization of $12.13 billion, a P/E ratio of 19.87 and a beta of 1.43. The firm operates through three divisions: Business Bank, Retail Bank, and Wealth Management. It has a 19.02 P/E ratio. The Business Bank segment offers various services and products, such as commercial loans and lines of credit, deposits, cash management, capital market products, worldwide trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational firms, and governmental entities. Prnewswire.com's article titled: "Comerica Bank's Michigan Index Down Again" and published on December 05, 2017 is yet another important article.

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