A statement released earlier today by Wedbush about Comerica (NYSE:CMA) bumps the target price to $49.00
- Updated: October 6, 2016
Boasting a price of $49.20, Comerica (NYSE:CMA) traded -0.02% lower on the day. With the last stock price close up 12.42% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Comerica has recorded a 50-day average of $46.67 and a two hundred day average of $43.76. Volume of trade was down over the average, with 1,663,485 shares of CMA changing hands under the typical 1,854,530
Wedbush bumped up the target of Comerica (NYSE:CMA) to $49.00 stating a potential downside of 0.00%.
With a total market value of $0, Comerica has price-earnings ratio of 21.36 with a one year low of $30.48 and a one year high of $49.62 .
A total of 27 equity analysts have released a ratings update on CMA. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, twenty-two equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $43.19.
Brief Synopsis About Comerica (NYSE:CMA)
Comerica Incorporated (Comerica) is a financial services company. The Company's principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its operations in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business segments, it also operates in the Finance segment. The Business Bank segment serves middle market businesses, multinational corporations and governmental entities by offering various products and services. The Retail Bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment includes its securities portfolio, and asset and liability management activities.
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