NYSE:CMA

Comerica Stock Forecast, Price & News

$38.37

+0.64 (+1.70 %)

(As of 09/30/2020 12:04 PM ET)

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Today's Range

$38.12

Now: $38.37▼

$38.67

50-Day Range

$36.44

MA: $39.91▼

$42.15

52-Week Range

$24.28

Now: $38.37▼

$73.43

Volume20,284 shs

Average Volume2.24 million shs

Market Capitalization$5.33 billion

P/E Ratio9.25

Dividend Yield7.06%

Beta1.81

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers 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 middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. It also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. It also sells annuity products; and life, disability, and long-term care insurance products. The company also engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, and Michigan, as well as in Arizona and Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Comerica has received a consensus rating of Hold. The company's average rating score is 1.91, and is based on 4 buy ratings, 13 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.31, Comerica has a forecasted upside of 17.9% from its current price of $38.43.
Amount of Analyst Coverage
Comerica has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.9 Community Rank

Outperform Votes
Comerica has received 816 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Comerica has received 1,334 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Comerica has received 62.05% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Comerica and other stocks. Vote “Outperform” if you believe CMA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CMA will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Comerica is a leading dividend payer. It pays a dividend yield of 7.06%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Comerica has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Comerica is 34.83%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Comerica will have a dividend payout ratio of 80.95% in the coming year. This indicates that Comerica may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Comerica insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.55% of the stock of Comerica is held by insiders.
Percentage Held by Institutions
78.55% of the stock of Comerica is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Comerica are expected to grow by 80.65% in the coming year, from $1.86 to $3.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Comerica is 9.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Comerica is 9.26, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.37.
Price to Earnings Growth Ratio
Comerica has a PEG Ratio of 11.64. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Comerica has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.59 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryDiversified Banks

SectorFinance

Current SymbolNYSE:CMA

Previous Symbol

CUSIP20034010

CIK28412

Webwww.comerica.com

Phone214-462-6831

Debt

Debt-to-Equity Ratio0.88

Current Ratio1.02

Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio9.25

Forward P/E Ratio20.63

P/E Growth11.64

Sales & Book Value

Annual Sales$3.82 billion

Price / Sales1.40

Cash Flow$9.29 per share

Price / Cash Flow4.13

Book Value$50.83 per share

Price / Book0.75

Profitability

EPS (Most Recent Fiscal Year)$7.81

Net Income$1.20 billion

Net Margins17.42%

Return on Equity8.22%

Return on Assets0.79%

Miscellaneous

Employees7,948

Outstanding Shares139,039,000

Market Cap$5.33 billion

Next Earnings Date10/20/2020 (Confirmed)

OptionableOptionable

$38.37

+0.64 (+1.70 %)

(As of 09/30/2020 12:04 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Comerica (NYSE:CMA) Frequently Asked Questions

How has Comerica's stock been impacted by COVID-19?

Comerica's stock was trading at $38.03 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CMA stock has increased by 0.8% and is now trading at $38.32.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Comerica?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comerica in the last year. There are currently 6 sell ratings, 13 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Comerica.

When is Comerica's next earnings date?

Comerica is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
View our earnings forecast for Comerica.

How can I listen to Comerica's earnings call?

Comerica will be holding an earnings conference call on Tuesday, October 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Comerica's earnings last quarter?

Comerica Incorporated (NYSE:CMA) released its earnings results on Tuesday, July, 21st. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.59. The financial services provider had revenue of $718 million for the quarter, compared to analyst estimates of $700.17 million. Comerica had a net margin of 17.42% and a return on equity of 8.22%. Comerica's revenue was down 15.8% on a year-over-year basis. During the same period last year, the business posted $1.94 earnings per share.
View Comerica's earnings history.

How often does Comerica pay dividends? What is the dividend yield for Comerica?

Comerica declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.68 per share on Thursday, October 1st. This represents a $2.72 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend is Monday, September 14th.
View Comerica's dividend history.

How will Comerica's stock buyback program work?

Comerica announced that its board has approved a stock repurchase plan on Tuesday, January 22nd 2019, which authorizes the company to buyback 15,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

What price target have analysts set for CMA?

23 brokerages have issued twelve-month target prices for Comerica's shares. Their forecasts range from $26.00 to $72.50. On average, they expect Comerica's stock price to reach $45.31 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price.
View analysts' price targets for Comerica.

Are investors shorting Comerica?

Comerica saw a decline in short interest in August. As of August 31st, there was short interest totaling 4,700,000 shares, a decline of 17.8% from the August 15th total of 5,720,000 shares. Based on an average daily volume of 1,780,000 shares, the short-interest ratio is currently 2.6 days. Currently, 3.4% of the shares of the company are short sold.
View Comerica's Short Interest.

Who are some of Comerica's key competitors?

Some companies that are related to Comerica include BANCO DO BRASIL/S (BDORY), Standard Chartered (SCBFF), KeyCorp (KEY), DANSKE BK A/S/S (DNKEY), Shinhan Financial Group (SHG), Regions Financial (RF), Huntington Bancshares (HBAN), Zions Bancorporation NA (ZION), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), TCF Financial (TCF), Akbank T.A.S. (AKBTY), Synovus Financial (SNV), Community Bank System (CBU) and First Horizon National (FHN).
View all competitors.

What other stocks do shareholders of Comerica own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Comerica investors own include AT&T (T), Bank of America (BAC), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), Walmart (WMT), AbbVie (ABBV), General Electric (GE) and Cisco Systems (CSCO).

Who are Comerica's key executives?

Comerica's management team includes the following people:

Mr. Ralph W. Babb Jr., Exec. Chairman (Age 70)
Mr. Curtis Chatman Farmer, CEO, Pres & Director (Age 56)
Ms. Muneera S. Carr, Exec. VP & CFO (Age 50)
Mr. John D. Buchanan, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 55)
Mr. Edward T. Gwilt, SVP of Asset Quality Review, Chief Loan Review Officer of Comerica's Bank and Member of Mgmt Council

What is Comerica's stock symbol?

Comerica trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMA."

How do I buy shares of Comerica?

Shares of CMA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Comerica's stock price today?

One share of CMA stock can currently be purchased for approximately $38.32.

How big of a company is Comerica?

Comerica has a market capitalization of $5.33 billion and generates $3.82 billion in revenue each year. The financial services provider earns $1.20 billion in net income (profit) each year or $7.81 on an earnings per share basis. Comerica employs 7,948 workers across the globe.

What is Comerica's official website?

The official website for Comerica is www.comerica.com.

How can I contact Comerica?

Comerica's mailing address is 1717 MAIN STREET MC6404, DALLAS TX, 75201. The financial services provider can be reached via phone at 214-462-6831 or via email at [email protected]

This page was last updated on 9/30/2020 by MarketBeat.com Staff

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