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.
A number of analysts gave price targets for CMA. The most optimistic analyst gave a price target of 84, implying a possible profit of 14.74 percent. The lowest price target was 61, implying a possible loss 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 3.94 percent on average, compared to last month. That number becomes 6.25 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 3.78 percent. If we look at the last 90 days instead, we find a net average change of 4.6 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 6 analysts made positive revisions to their quarterly estimates over the past month, 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. A lower PEG ratio is favorable, 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, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CMA is 1.07.
CMA has traded between a high of 75.72 and a low of 43.74 over the past year. Today's price is 67.38 percent above the 52-week low, and below the high by 3.31 percent. 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 stock has a market capitalization of $13.05 billion. CMA will post this quarters earnings in days, on 0000-00-00.