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, implying potential capital gains of 14.74 percent. The minimum price target given was 61, implying potential capital losses 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.94 percent. The average change in earnings estimates over the last 90 days 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.
People are often interested in whether analysts were united in the direction of their revisions. 6 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. During this time, 6 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
Analysts estimate earnings of CMA to grow at a rate of 16.99 percent. Another measure frequently examined by investors is the 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 traded between a high of 75.72 and a low of 43.74 over the past year. The current market price is above the trailing year's low by 67.38 percent, 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.