Analyst Ratings for Comerica Inc. (CMA)Updated: 2017-07-26
Shares of Comerica Inc. (NYSE:CMA) have received a consensus rating of Hold from Wall Street analysts. About 30 days ago, CMA was issued an average rating of Hold.
7 analysts declared CMA a buy, 1 issued an overweight rating, 19 issued a hold rating, 0 gave an underweight rating, and 2 gave a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.
CMA was given price targets by several analysts. The most optimistic analyst gave a price target of 84, which equates to a potential upside of 14.74 percent. The most pessimistic analyst gave a price target of 61, which equates to a potential downside of -16.68 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 3.94 percent. That number becomes 6.25 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 3.78 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 4.6 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 6 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Over the same time period, 6 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of CMA's earnings is estimated by analysts to be 16.99 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. CMA has a PEG ratio of 1.07.
In the last 52-weeks, CMA has achieved a high of 75.72 and a low of 43.74. Today's price is 67.38 percent above the 52-week low, and 3.31 percent below the high. CMA has a price/earnings ratio of 18.25. Investors typically compare the P/E ratio to a company's peers in the industry. The CMA value stock report compares CMA to some of its peers using value stock charts. The market cap of CMA is $13.05 billion. CMA's next earnings release will be on 0000-00-00, which is days away.