Comerica Incorporated (NYSE:CMA) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.83 by 18 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 11 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.
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): 17 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $44.68 in Comerica Incorporated (NYSE:CMA). However, the stock price could fluctuate by $ 2.76 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $50 price target with the lower price estimate is calculated at $40
Comerica Incorporated (NYSE:CMA) rose 0.09% or 0.04 points on Tuesday and made its way into the gainers of the day. After trading began at $42.6 the stock was seen hitting $42.74 as a peak level and $41.85 as the lowest level. The stock ended up at $42.47. The daily volume was measured at 1,372,276 shares. The 52-week high of the share price is $53.45 and the 52-week low is $30.48. The company has a market cap of $7,438 million.
Comerica Incorporated has lost 0.07% in the last five trading days and dropped 5.53% in the last 4 weeks. Comerica Incorporated is up 8.41% in the last 3-month period. Year-to-Date the stock performance stands at 2.63%.
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.