Analysts' ratings for Comerica CMA over the last quarter vary from bullish to bearish, as provided by 20 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 4 | 11 | 3 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 5 | 2 | 0 |
| 2M Ago | 1 | 1 | 4 | 1 | 0 |
| 3M Ago | 0 | 2 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $65.25, a high estimate of $75.00, and a low estimate of $51.00. This upward trend is apparent, with the current average reflecting a 13.18% increase from the previous average price target of $57.65.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Comerica among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mike Mayo | Wells Fargo | Raises | Equal-Weight | $73.00 | $51.00 |
| John Pancari | Evercore ISI Group | Raises | In-Line | $69.00 | $64.00 |
| Ryan Nash | Goldman Sachs | Raises | Buy | $71.00 | $63.00 |
| Manan Gosalia | Morgan Stanley | Raises | Equal-Weight | $67.00 | $63.00 |
| Peter Winter | DA Davidson | Raises | Neutral | $68.00 | $64.00 |
| Brandon King | Truist Securities | Raises | Hold | $70.00 | $66.00 |
| Mike Mayo | Wells Fargo | Raises | Underweight | $51.00 | $43.00 |
| Terry McEvoy | Stephens & Co. | Raises | Overweight | $70.00 | $64.00 |
| Anthony Elian | JP Morgan | Raises | Neutral | $70.00 | $65.00 |
| Jason Goldberg | Barclays | Raises | Underweight | $66.00 | $56.00 |
| Steven Alexopoulos | JP Morgan | Raises | Neutral | $65.00 | $57.00 |
| Ryan Nash | Goldman Sachs | Raises | Buy | $63.00 | $55.00 |
| Ebrahim Poonawala | B of A Securities | Lowers | Underperform | $52.00 | $55.00 |
| John Pancari | Evercore ISI Group | Raises | In-Line | $64.00 | $58.00 |
| Manan Gosalia | Morgan Stanley | Raises | Equal-Weight | $63.00 | $61.00 |
| David Chiaverini | Wedbush | Raises | Outperform | $75.00 | $52.00 |
| Brandon King | Truist Securities | Raises | Hold | $66.00 | $53.00 |
| Terry McEvoy | Stephens & Co. | Maintains | Overweight | $58.00 | $58.00 |
| Peter Winter | DA Davidson | Maintains | Neutral | $55.00 | $55.00 |
| Christopher Mcgratty | Keefe, Bruyette & Woods | Raises | Outperform | $69.00 | $50.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Comerica. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Comerica compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Comerica's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Comerica's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Comerica analyst ratings.
Discovering Comerica: A Closer Look
With assets of around $80 billion, Comerica is primarily a relationship-based commercial bank headquartered in Dallas. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada and Mexico.
Breaking Down Comerica's Financial Performance
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Comerica's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -9.49%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Comerica's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 21.82% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Comerica's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.78% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Comerica's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.22%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Comerica's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.97.
Analyst Ratings: What Are They?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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