Comerica's (NYSE:CMA) Equal Weight Rating Reaffirmed at Morgan Stanley

Marco Green
January 22, 2018

They expect $1.19 earnings per share, up 63.01% or $0.46 from last year's $0.73 per share. Comerica Incorporated (NYSE:CMA) has risen 54.07% since January 17, 2017 and is uptrending. It has outperformed by 37.37% the S&P500.

Dillon & Associates Inc increased its stake in Euronet Worldwide Inc (EEFT) by 103.16% based on its latest 2017Q3 regulatory filing with the SEC. The stock of Akorn, Inc. The Roosevelt Investment Group Inc holds 4,899 shares with $374,000 value, down from 12,293 last quarter.

Shares of Comerica (NYSE:CMA) traded up $1.18 on Tuesday, reaching $94.99. MDC Partners Inc. (MDCA) has declined 46.79% since January 18, 2017 and is downtrending. It has underperformed by 4.66% the S&P500. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.00. It dived, as 43 investors sold Comerica Incorporated shares while 147 reduced holdings.

Comerica declared that its Board of Directors has approved a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $605.00 million in outstanding shares. Tributary Capital Mngmt Limited Co holds 700 shares or 0.01% of its portfolio. Keybank Association Oh invested in 270,794 shares or 0.12% of the stock. Old Point & Financial N A holds 5,902 shares or 0.7% of its portfolio. Braun Stacey Assocs holds 0.96% in Comerica Incorporated (NYSE:CMA) or 183,726 shares. Axa owns 20,600 shares.

Comerica Incorporated (CMA) closed 25.08% above its 200-day moving average and is 11.53% above another chart threshold, its 50-day moving average. Bowling Portfolio Mgmt Ltd Co has invested 0.52% of its portfolio in Comerica Incorporated (NYSE:CMA). Stanley Capital Management Llc owns 800,239 shares or 4.91% of their U.S. portfolio. State of Alaska Department of Revenue now owns 38,429 shares of the financial services provider's stock worth $3,335,000 after buying an additional 8,930 shares in the last quarter. Panagora Asset Management, Massachusetts-based fund reported 12,162 shares. Macquarie Group Ltd. now owns 260,346 shares of the financial services provider's stock worth $17,732,000 after buying an additional 19,250 shares during the last quarter. Rhumbline Advisers stated it has 359,051 shares or 0.06% of all its holdings. Blackrock invested 0.04% in Comerica Incorporated (NYSE:CMA). Cornerstone owns 317 shares for 0.02% of their portfolio.

Comerica Incorporated is a financial services company. The company has a market capitalization of $16,520.00, a price-to-earnings ratio of 22.94, a PEG ratio of 1.68 and a beta of 1.50. The Company's segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. It has a 21.25 P/E ratio. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, global trade finance, letters of credit, foreign exchange management services and loan syndication services.

Among 33 analysts covering Comerica Inc (NYSE:CMA), 15 have Buy rating, 2 Sell and 16 Hold. Therefore 47% are positive. Comerica Inc had 121 analyst reports since July 20, 2015 according to SRatingsIntel. SunTrust maintained Comerica Incorporated (NYSE:CMA) on Tuesday, January 16 with "Hold" rating. Citigroup maintained it with "Buy" rating and $228 target in Wednesday, July 26 report. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, October 17 report.

Comerica Incorporated (CMA) stock price rose 39.89 percent over the past one year, while increased 29.41 percent during the past 6 months.

On 5/1/2017 Ralph W. Babb, Jr., CEO, sold 83,600 with an average share price of $70.94 per share and the total transaction amounting to $5,930,584.00. OBERMEYER PAUL R also sold $1.43 million worth of Comerica Incorporated (NYSE:CMA) on Wednesday, August 23. The firm earned "Mkt Perform" rating on Wednesday, October 19 by FBR Capital. DA Davidson restated a "hold" rating and set a $100.00 price objective on shares of Comerica in a research note on Wednesday. The stock of Baker Hughes, a GE company (NYSE:BHGE) has "Buy" rating given on Monday, August 21 by Argus Research.

Discover Financial Services (NYSE:DFS) have diverse level of ownership with Comerica Incorporated (NYSE:CMA).

Since August 22, 2017, it had 0 insider buys, and 3 selling transactions for $3.10 million activity. The shares were sold at an average price of $75.07, for a total transaction of $240,224.00.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.29, from 1.35 in 2017Q2. It dived, as 59 investors sold MMM shares while 612 reduced holdings.

Analysts await International Paper Company (NYSE:IP) to report earnings on February, 1 before the open. Caxton Assoc LP stated it has 0.02% in UnitedHealth Group Incorporated (NYSE:UNH). Alliancebernstein L P owns 0.14% invested in Comerica Incorporated (NYSE:CMA) for 2.37M shares. Blair William And Company Il holds 52,660 shares or 0.03% of its portfolio. 193,198 were accumulated by Aperio Limited Liability Company. Caxton Limited Partnership invested in 0.31% or 153,700 shares. West Oak Capital LLC raised its holdings in shares of Comerica by 1,040.7% during the fourth quarter. Texas Permanent School Fund holds 0.05% or 48,750 shares in its portfolio. During the same period previous year, the business earned $0.58 earnings per share.

Advisory Research Inc decreased Investors Bancorp Incorporated (NASDAQ:ISBC) stake by 265,199 shares to 1.80M valued at $24.54 million in 2017Q3.

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