Comerica (NYSE:CMA) target price raised to $52.00, reported today by FBR & Co.
- Updated: October 19, 2016
Comerica (NYSE:CMA) had its target price raised to $52.00 by FBR & Co. in a report released 10/19/2016. The new target price indicates a possible upside of 0.04% based on the company's last stock close price.
Yesterday Comerica (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 stock close 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. 4,894,844 shares of the stock were exchanged, up from an average trading volume of 1,887,310
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Comerica has a price-earnings ratio of 21.73 with a one year low of $30.48 and a one year high of $50.54 CMA’s total market value is presently $0.
A total of 27 equity analysts have released a research note 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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