BMO Capital Markets Reaffirms Hold Rating for Comerica Incorporated (CMA)

Xavier Trudeau
Août 3, 2017

Pillar Pacific Capital Management LLC's holdings in Comerica were worth $5,042,000 at the end of the most recent quarter. Finally, Catawba Capital Management VA purchased a new stake in Comerica during the first quarter valued at $302,000.

Many analysts are providing their Estimated Earnings analysis for Comerica Incorporated and for the current quarter 28 analysts have projected that the stock could give an Average Earnings estimate of $1.17/share.

Nicholas Investment Partners Lp increased Comerica Inc (CMA) stake by 15.91% reported in 2016Q4 SEC filing. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Comerica by 0.3% in the first quarter. This repurchase authorization authorizes the financial services provider to buy up to 4.8% of its stock through open market purchases. United Capital Financial Advisers LLC now owns 6,320 shares of the financial services provider's stock valued at $433,000 after buying an additional 53 shares during the period. Kentucky Retirement Systems purchased a new stake in Comerica during the fourth quarter valued at $851,000. ING Groep NV now owns 9,056 shares of the financial services provider's stock valued at $663,000 after buying an additional 77 shares during the period.

Bessemer Gru holds 0% of its portfolio in Comerica Incorporated (NYSE:CMA) for 350 shares. Looking at the stock's movement on the chart, Comerica Incorporated recorded a 52-week high of $75.72. The rating was maintained by BMO Capital Markets with "Hold" on Tuesday, July 18. The company has a 50-day moving average price of $73.30 and a 200 day moving average price of $70.57.

Comerica (NYSE:CMA) last released its earnings results on Tuesday, July 18th. The financial services provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.07. The business had revenue of $776 million during the quarter, compared to the consensus estimate of $777.08 million. Comerica had a return on equity of 9.25% and a net margin of 23.22%. The firm's revenue for the quarter was up 8.8% compared to the same quarter past year. During the same quarter previous year, the firm earned $0.58 earnings per share. Analysts expect next quarter's EPS will be $1.18 with next year's EPS anticipated to be $5.21.

Comerica declared that its Board of Directors has initiated a stock buyback program on Wednesday, June 28th that allows the company to buyback $605.00 million in outstanding shares. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. The dividend will be $0.300 per share for the quarter or $1.20 on an annualized basis. Toronto Dominion National Bank & Trust invested 0.01% of its portfolio in Comerica Incorporated (NYSE:CMA). The ex-dividend date is Thursday, September 14th. Comerica's dividend payout ratio (DPR) is presently 26.00%. $619,999 worth of Comerica Incorporated (NYSE:CMA) shares were sold by MICHALAK MICHAEL H. On Friday, April 28 RITCHIE MICHAEL T sold $177,153 worth of Comerica Incorporated (NYSE:CMA) or 2,500 shares. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and worldwide copyright and trademark law. The original version of this article can be read at

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reissued a "buy" rating and issued a $78.00 target price on shares of Comerica in a report on Tuesday, April 4th. Jefferies Group now has a "Buy" rating and a $81.00 target price on the stock.

04/19/2017 - Comerica Incorporated had its "hold" rating reiterated by analysts at Deutsche Bank. Keefe, Bruyette & Woods restated a "buy" rating and set a $72.00 price objective on shares of Comerica in a research report on Wednesday, April 5th. Finally, Barclays PLC reiterated an "underweight" rating and issued a $76.00 target price (up previously from $72.00) on shares of Comerica in a research note on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. HSBC downgraded the stock to "Hold" rating in Wednesday, April 5 report. Comerica Incorporated (CMA) has $12.79 billion valuation. The Company's principal activity is lending to and accepting deposits from businesses and individuals. The Company's segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other.

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