Comerica Incorporated (NYSE:CMA) insider Peter William Guilfoile sold 1,052 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $97.00, for a total transaction of $102,044.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Comerica Incorporated (CMA) opened at $93.58 on Thursday. The company has a market cap of $16,049.21, a PE ratio of 22.66, a price-to-earnings-growth ratio of 1.42 and a beta of 1.47. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. Comerica Incorporated has a 1-year low of $64.04 and a 1-year high of $98.18.
Comerica (NYSE:CMA) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.03. The company had revenue of $830.00 million during the quarter, compared to the consensus estimate of $819.30 million. Comerica had a net margin of 22.47% and a return on equity of 10.94%. During the same quarter in the prior year, the firm earned $0.92 EPS. equities research analysts expect that Comerica Incorporated will post 6.54 earnings per share for the current year.
Several equities research analysts have recently issued reports on CMA shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $101.00 target price on shares of Comerica in a research note on Friday, December 22nd. Nomura increased their target price on shares of Comerica from $74.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Zacks Investment Research raised shares of Comerica from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Monday, December 11th. SunTrust Banks reissued a “hold” rating and set a $83.00 target price on shares of Comerica in a research note on Wednesday, November 29th. Finally, Macquarie raised shares of Comerica from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Friday, November 17th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $92.37.
Hedge funds have recently added to or reduced their stakes in the business. IBM Retirement Fund acquired a new stake in Comerica in the 3rd quarter valued at about $200,000. Zeke Capital Advisors LLC acquired a new stake in Comerica in the 3rd quarter valued at about $200,000. BB&T Corp acquired a new stake in Comerica in the 3rd quarter valued at about $206,000. JLB & Associates Inc. acquired a new stake in Comerica in the 4th quarter valued at about $217,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in Comerica in the 4th quarter valued at about $217,000. Institutional investors own 82.30% of the company’s stock.
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Comerica Company Profile
Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. The Company’s segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services.
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