Piper Jaffray Gains Confidence in Comerica Inc (NYSE:CMA). Will Other Analysts Follow?

September 17, 2017 - By Clifton Ray

  Piper Jaffray Gains Confidence in Comerica Inc (NYSE:CMA). Will Other Analysts Follow?

Investors sentiment increased to 1.17 in 2016 Q4. Its up 0.04, from 1.13 in 2016Q3. It increased, as 41 investors sold Comerica Incorporated shares while 145 reduced holdings. 92 funds opened positions while 126 raised stakes. 141.05 million shares or 3.11% more from 136.79 million shares in 2016Q3 were reported.

Gam Hldg Ag reported 7,077 shares. Apriem Advisors has invested 0% in Comerica Incorporated (NYSE:CMA). New Mexico Educational Retirement Board reported 18,614 shares. Tci Wealth Advsr reported 0% stake. Rafferty Asset Lc has 8,781 shares for 0.03% of their portfolio. Victory Mngmt Incorporated stated it has 0.27% of its portfolio in Comerica Incorporated (NYSE:CMA). Hodges Capital Mngmt owns 7,000 shares or 0.02% of their US portfolio. Pointstate Cap L P owns 472,200 shares. Moreover, Perkins Investment Mngmt Ltd Limited Liability Company has 0% invested in Comerica Incorporated (NYSE:CMA). Henderson Grp Pcl has 16,482 shares. Fil Ltd holds 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA) for 87,726 shares. Elizabeth Park Capital Advsrs Limited owns 82,165 shares for 2.38% of their portfolio. Bokf Na owns 6,470 shares or 0.01% of their US portfolio. Lazard Asset Management Limited Com stated it has 568,346 shares or 0.09% of all its holdings. 76,611 are held by Dnb Asset Mngmt As.

Since April 28, 2017, it had 0 insider purchases, and 4 insider sales for $11.28 million activity. MICHALAK MICHAEL H sold 8,757 shares worth $619,999. FARMER CURTIS C also sold $4.56M worth of Comerica Incorporated (NYSE:CMA) on Friday, April 28. Another trade for 83,600 shares valued at $5.93M was made by BABB RALPH W JR on Friday, April 28. 2,500 Comerica Incorporated (NYSE:CMA) shares with value of $177,153 were sold by RITCHIE MICHAEL T.

Comerica Inc (NYSE:CMA) Stock Upgrade

The equities rating of Comerica Inc (NYSE:CMA) shares was upgraded by professional analysts at Piper Jaffray to a respectable Buy rating in an analyst note released on Tuesday morning. The firm Piper Jaffray has a $80.0 price target on the stock. Piper Jaffray’s price target means a possible upside of 15.79 %.

Investors sentiment increased to 1.17 in 2016 Q4. Its up 0.04, from 1.13 in 2016Q3. It increased, as 41 investors sold Comerica Incorporated shares while 145 reduced holdings. 92 funds opened positions while 126 raised stakes. 141.05 million shares or 3.11% more from 136.79 million shares in 2016Q3 were reported.

Gam Hldg Ag reported 7,077 shares. Apriem Advisors has invested 0% in Comerica Incorporated (NYSE:CMA). New Mexico Educational Retirement Board reported 18,614 shares. Tci Wealth Advsr reported 0% stake. Rafferty Asset Lc has 8,781 shares for 0.03% of their portfolio. Victory Mngmt Incorporated stated it has 0.27% of its portfolio in Comerica Incorporated (NYSE:CMA). Hodges Capital Mngmt owns 7,000 shares or 0.02% of their US portfolio. Pointstate Cap L P owns 472,200 shares. Moreover, Perkins Investment Mngmt Ltd Limited Liability Company has 0% invested in Comerica Incorporated (NYSE:CMA). Henderson Grp Pcl has 16,482 shares. Fil Ltd holds 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA) for 87,726 shares. Elizabeth Park Capital Advsrs Limited owns 82,165 shares for 2.38% of their portfolio. Bokf Na owns 6,470 shares or 0.01% of their US portfolio. Lazard Asset Management Limited Com stated it has 568,346 shares or 0.09% of all its holdings. 76,611 are held by Dnb Asset Mngmt As.

Since April 28, 2017, it had 0 insider purchases, and 4 insider sales for $11.28 million activity. MICHALAK MICHAEL H sold 8,757 shares worth $619,999. FARMER CURTIS C also sold $4.56M worth of Comerica Incorporated (NYSE:CMA) on Friday, April 28. Another trade for 83,600 shares valued at $5.93M was made by BABB RALPH W JR on Friday, April 28. 2,500 Comerica Incorporated (NYSE:CMA) shares with value of $177,153 were sold by RITCHIE MICHAEL T.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Among 25 analysts covering Comerica Inc (NYSE:CMA), 11 have Buy rating, 2 Sell and 12 Hold. Therefore 44% are positive. Comerica Inc has $82.0 highest and $34 lowest target. $60.79’s average target is -12.01% below currents $69.09 stock price. Comerica Inc had 81 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of Comerica Incorporated (NYSE:CMA) earned “Neutral” rating by Wedbush on Friday, October 7. The stock of Comerica Incorporated (NYSE:CMA) has “Underperform” rating given on Friday, May 13 by Wells Fargo. Deutsche Bank maintained it with “Hold” rating and $42 target in Wednesday, February 24 report. The company was downgraded on Tuesday, October 6 by JP Morgan. The firm has “Outperformer” rating by CLSA given on Monday, March 14. On Thursday, November 10 the stock rating was downgraded by Robert W. Baird to “Neutral”. On Wednesday, July 20 the stock rating was maintained by Compass Point with “Neutral”. BMO Capital Markets maintained the stock with “Underperform” rating in Monday, October 19 report. As per Wednesday, July 20, the company rating was maintained by Citigroup. On Tuesday, January 10 the stock rating was downgraded by Citigroup to “Sell”.

The stock increased 1.33% or $0.91 on September 15, reaching $69.09. About 2.82M shares traded or 77.36% up from the average. Comerica Incorporated (NYSE:CMA) has risen 54.07% since September 17, 2016 and is uptrending. It has outperformed by 37.37% the S&P500.

Analysts await Comerica Incorporated (NYSE:CMA) to report earnings on October, 17 before the open. They expect $1.16 earnings per share, up 26.09 % or $0.24 from last year’s $0.92 per share. CMA’s profit will be $203.99M for 14.89 P/E if the $1.16 EPS becomes a reality. After $1.15 actual earnings per share reported by Comerica Incorporated for the previous quarter, Wall Street now forecasts 0.87 % EPS growth.

Comerica Incorporated is a financial services company. The company has market cap of $12.15 billion. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. It has a 17.33 P/E ratio. The Company’s divisions include the Business Bank, the Retail Bank, Wealth Management, Finance and Other.

More news for Comerica Incorporated (NYSE:CMA) were recently published by: Prnewswire.com, which released: “Comerica to Close Florida Banking Centers in Wake of Hurricane Irma” on September 06, 2017. Prnewswire.com‘s article titled: “Comerica’s Monica L. Martinez Named Among Nation’s Most Influential Latino Leaders” and published on September 06, 2017 is yet another important article.

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