Comerica Incorporated (CMA) : Zacks Investment Research ranks Comerica Incorporated (CMA) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 2.89, which indicates as a Hold.
Comerica Incorporated (CMA) : The highest short term price target forecast on Comerica Incorporated (CMA) is $50 and the lowest target price is $40. A total of 17 equity analysts are currently covering the company. The average price of all the analysts is $44.68 with a standard deviation of $2.76.
Comerica Incorporated (NYSE:CMA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.68 and $38.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.81, notching a gain of 1.69% for the day. The total traded volume was 1,741,395 . The stock had closed at $39.15 on the previous day.
Also, Major Brokerage house, Goldman Sachs upgrades its ratings on Comerica Incorporated (NYSE:CMA). In the latest research report, Goldman Sachs raises the target price from $42 per share to $49 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on May 19, 2016. The company shares have dropped -17.98% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $50.76 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.70 and the 200 Day Moving Average price is recorded at $39.57.
Comerica Incorporated is a financial services company. The Companys principal activity is lending to and accepting deposits from businesses and individuals. It operates in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition, it also operates in the Finance segment. The Business Bank segment offers 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. The Retail Bank segment offers deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment includes its securities portfolio, and asset and liability management activities.