Comerica Incorporated (NYSE:CMA) : The consensus price target for Comerica Incorporated (NYSE:CMA) is $44.68 for the short term with a standard deviation of $2.76. The most optimist securities analyst among the 17 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $40.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Goldman Sachs upgrades its rating on Comerica Incorporated (NYSE:CMA). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The Analysts at Goldman Sachs raises the price target from $42 per share to $49 per share. The rating by the firm was issued on May 19, 2016.
Comerica Incorporated (NYSE:CMA): stock turned positive on Thursday. Though the stock opened at $43.42, the bulls momentum made the stock top out at $44.48 level for the day. The stock recorded a low of $43.39 and closed the trading day at $44.48, in the green by 4.46%. The total traded volume for the day was 2,239,839. The stock had closed at $42.58 in the previous days trading.
The company shares have dropped -18.76% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $53.16 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $44.19 and the 200 Day Moving Average price is recorded at $39.75. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Sefzik Peter L, officer (Executive Vice President) of Comerica Inc /New/, had unloaded 2,500 shares at an average price of $35.43 in a transaction dated on March 2, 2016. The total value of the transaction was worth $88,575.
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.