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 highest price target was 84, which equates to a potential upside of 14.74 percent. The most pessimistic price target was 61, implying a possible loss of -16.68 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 3.94 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 6.25 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 3.78 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 4.6 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 6 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Also over the last month, 6 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of CMA's earnings is estimated by analysts to be 16.99 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. CMA has a PEG ratio of 1.07.
CMA has a 52-week high of 75.72 and a 52-week low of 43.74. The current market price is above the trailing year's low by 67.38 percent, and 3.31 percent lower than its 52-week high. CMA has a P/E 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.