Analysts' ratings for Comerica CMA over the last quarter vary from bullish to bearish, as provided by 13 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 | 3 | 6 | 2 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 1 | 1 | 0 |
| 3M Ago | 1 | 1 | 3 | 1 | 0 |
Analysts have recently evaluated Comerica and provided 12-month price targets. The average target is $57.5, accompanied by a high estimate of $70.50 and a low estimate of $50.00. This upward trend is apparent, with the current average reflecting a 14.0% increase from the previous average price target of $50.44.
Decoding Analyst Ratings: A Detailed Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive Comerica. The following summary 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 |
|---|---|---|---|---|---|
| Peter Winter | DA Davidson | Lowers | Neutral | $56.00 | $63.00 |
| Manan Gosalia | Morgan Stanley | Raises | Equal-Weight | $54.00 | $45.00 |
| Jon Arfstrom | RBC Capital | Maintains | Outperform | $63.00 | - |
| 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 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Comerica. This information provides a snapshot of how analysts perceive 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 predict movements in price targets, offering estimates for Comerica's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
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.
Delving into Comerica's Background
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 Insights: Comerica
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining Comerica's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -12.72% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Comerica's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 3.45%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Comerica's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.51%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Comerica's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.03%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.63, caution is advised due to increased financial risk.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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