Sandler O'Neill downgraded Comerica Incorporated (NYSE:CMA) to Hold in a report released today.
- Updated: November 30, 2016
Sandler O'Neill has downgraded Comerica Incorporated (NYSE:CMA) to Hold in a report released on Wednesday November 30, 2016.
Yesterday Comerica Incorporated (NYSE:CMA) traded 3.24% higher at $61.75. The company’s 50-day moving average is $54.42 and its 200-day average is $47.44. With the last close up 34.39% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Volume of trade was up over the average, with 3,114,521 shares of CMA changing hands over the typical 2,100,600
With a total market value of $0, Comerica Incorporated has PE ratio of 26.57 with a one year low of $30.48 and a one year high of $63.99 .
A total of 27 brokerages have issued a ratings update on Comerica Incorporated. Two brokerages rating the company a strong buy, four brokerages rating the company a buy, twenty-two brokerages rating the company a hold, two brokerages 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 Incorporated (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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