Comerica Inc (NYSE:CMA) stock price target increased to $52.00, issued a report today by FBR & Co.
- Updated: October 19, 2016
In a report released on 10/19/2016 FBR & Co. increased the stock price target of Comerica Inc (NYSE:CMA) from $50.00 to $52.00 indicating a possible upside of 0.04%.
Yesterday Comerica Inc (NYSE:CMA) traded 4.14% higher at $50.05. The company’s 50-day moving average is $47.36 and its 200-day moving average is $44.43. The last closing price is up 12.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 4,894,844 shares of the stock traded hands, up from an average trading volume of 1,887,310
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Comerica Inc has a 52 week low of $30.48 and a 52 week high of $50.54 with a P/E ratio of 21.73 The company’s market cap is currently $0.
In addition to FBR & Co. reporting its stock price target, a total of 27 brokers have issued a report on the company. The average stock price target is $43.19 with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 22 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Comerica Inc (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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