Comerica (NYSE:CMA) Stock Rating Upgraded by UBS Group

Comerica (NYSE:CMA - Get Free Report) was upgraded by equities researchers at UBS Group from a "sell" rating to a "neutral" rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a $59.00 price objective on the financial services provider's stock. UBS Group's target price points to a potential upside of 16.07% from the company's current price.

Several other brokerages also recently issued reports on CMA. JPMorgan Chase & Co. lowered their price objective on shares of Comerica from $73.00 to $70.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Barclays raised their target price on Comerica from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Truist Financial upgraded Comerica to a "hold" rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut their price objective on Comerica from $82.00 to $77.00 and set an "outperform" rating for the company in a research report on Thursday, January 23rd. Finally, Morgan Stanley lowered shares of Comerica from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $63.00 to $55.00 in a research report on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $68.16.

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Comerica Stock Down 0.9 %

Shares of CMA traded down $0.47 during midday trading on Thursday, reaching $50.83. The stock had a trading volume of 2,619,047 shares, compared to its average volume of 2,205,572. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 10.13 and a beta of 0.96. The company's fifty day simple moving average is $60.35 and its two-hundred day simple moving average is $63.12. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. Comerica has a 1-year low of $45.32 and a 1-year high of $73.45.

Comerica (NYSE:CMA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.05). Comerica had a return on equity of 12.04% and a net margin of 13.98%. During the same quarter in the previous year, the company posted $1.46 EPS. Equities research analysts expect that Comerica will post 5.28 earnings per share for the current year.

Institutional Trading of Comerica

Hedge funds have recently made changes to their positions in the stock. Wedmont Private Capital increased its holdings in shares of Comerica by 2.4% in the 4th quarter. Wedmont Private Capital now owns 7,870 shares of the financial services provider's stock valued at $474,000 after acquiring an additional 186 shares during the last quarter. Blue Trust Inc. grew its holdings in 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 buying an additional 200 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Comerica by 2.0% during the fourth quarter. Bessemer Group Inc. now owns 10,859 shares of the financial services provider's stock valued at $672,000 after purchasing an additional 211 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Comerica by 36.7% in the fourth quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 221 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Comerica by 2.0% during the 4th quarter. US Bancorp DE now owns 11,823 shares of the financial services provider's stock valued at $731,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Comerica Company Profile

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.