During the last three months, 12 analysts shared their evaluations of Comerica CMA, revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 5 | 2 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 1 | 0 |
| 2M Ago | 1 | 1 | 3 | 1 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $56.12, a high estimate of $70.50, and a low estimate of $45.00. Witnessing a positive shift, the current average has risen by 14.25% from the previous average price target of $49.12.
Exploring Analyst Ratings: An In-Depth Overview
The analysis of recent analyst actions sheds light on the perception of Comerica by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Christopher Mcgratty | Keefe, Bruyette & Woods | Lowers | Market Perform | $58.00 | $60.00 |
| Michael Rose | Raymond James | Raises | Outperform | $62.00 | $48.00 |
| Ryan Nash | Goldman Sachs | Announces | Buy | $70.50 | - |
| Jason Goldberg | Barclays | Raises | Underweight | $59.00 | $49.00 |
| Ryan Nash | Goldman Sachs | Raises | Neutral | $57.00 | $50.00 |
| Whit Mayo | Wells Fargo | Raises | Underweight | $52.00 | $45.00 |
| Steven Alexopoulos | JP Morgan | Announces | Neutral | $57.00 | - |
| Peter Winter | DA Davidson | Raises | Buy | $55.00 | $49.00 |
| Terry McEvoy | Stephens & Co. | Maintains | Overweight | $54.00 | - |
| Ryan Nash | Goldman Sachs | Raises | Neutral | $50.00 | $45.00 |
| Terry McEvoy | Stephens & Co. | Maintains | Overweight | $54.00 | - |
| David Chiaverini | Wedbush | Lowers | Neutral | $45.00 | $47.00 |
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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Comerica compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Comerica's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of Comerica's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Comerica analyst ratings.
All You Need to Know About Comerica
Comerica is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking. 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.
Financial Milestones: Comerica's Journey
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Comerica's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -9.04%. This indicates a decrease in the company's 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 27.23% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.99%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Comerica's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.28%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Comerica's debt-to-equity ratio stands notably higher than the industry average, reaching 2.37. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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