Is Comerica (NYSE:CMA) In Trouble? Macquarie Issues Downgrade.

September 8, 2018 - By Catherine Diaz

Comerica Incorporated (NYSE:CMA) Logo

Investors sentiment decreased to 0.99 in Q1 2018. Its down 0.01, from 1 in 2017Q4. It fall, as 43 investors sold Comerica Incorporated shares while 172 reduced holdings. 73 funds opened positions while 139 raised stakes. 135.88 million shares or 2.26% less from 139.03 million shares in 2017Q4 were reported.

Old Mutual Customised Solutions (Proprietary) Limited invested in 0.12% or 12,664 shares. Legal General Grp Incorporated Public Limited Com, a United Kingdom-based fund reported 824,830 shares. Liberty Management has 0.64% invested in Comerica Incorporated (NYSE:CMA). National Bank Of Montreal Can has 933,045 shares for 0.08% of their portfolio. Ubs Oconnor Ltd Liability Corp invested in 0% or 100,000 shares. 12.28M are held by Blackrock. Bp Public Lc holds 0.07% of its portfolio in Comerica Incorporated (NYSE:CMA) for 20,000 shares. Driehaus Capital Management Ltd holds 0.01% or 2,343 shares in its portfolio. Wetherby Asset Mgmt holds 5,430 shares or 0.07% of its portfolio. Moreover, Marshall Wace Limited Liability Partnership has 0.02% invested in Comerica Incorporated (NYSE:CMA) for 4,567 shares. Fil Ltd holds 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA) for 88,973 shares. 3,434 are held by Zeke Ltd Co. Moreover, Basswood Capital Mgmt has 0.67% invested in Comerica Incorporated (NYSE:CMA) for 161,137 shares. Moreover, Weatherly Asset Mgmt L P has 0.1% invested in Comerica Incorporated (NYSE:CMA) for 4,185 shares. Teachers Retirement Systems Of The State Of Kentucky owns 18,039 shares.

Since May 11, 2018, it had 0 buys, and 3 selling transactions for $7.12 million activity. $108,533 worth of Comerica Incorporated (NYSE:CMA) shares were sold by Guilfoile Peter William.

Comerica (NYSE:CMA) Receives a Downgrade

In an analyst report issued to clients on Friday morning, Macquarie has decided to cut rating on Comerica (NYSE:CMA) shares to a Neutral. CMA’s prior rating was a Outperform.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Among 17 analysts covering Comerica (NYSE:CMA), 11 have Buy rating, 1 Sell and 5 Hold. Therefore 65% are positive. Comerica has $114 highest and $88 lowest target. $106.20’s average target is 9.17% above currents $97.28 stock price. Comerica had 28 analyst reports since March 13, 2018 according to SRatingsIntel. The firm has “Hold” rating by Susquehanna given on Tuesday, April 17. The rating was maintained by Morgan Stanley on Friday, April 20 with “Equal-Weight”. The stock has “Buy” rating by Wedbush on Wednesday, April 18. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, April 4. The stock of Comerica Incorporated (NYSE:CMA) earned “Outperform” rating by RBC Capital Markets on Wednesday, July 18. The stock of Comerica Incorporated (NYSE:CMA) has “Buy” rating given on Monday, June 11 by FBR Capital. The firm earned “Buy” rating on Tuesday, April 17 by Stephens. The firm earned “Neutral” rating on Friday, September 7 by Macquarie Research. The stock of Comerica Incorporated (NYSE:CMA) has “Outperform” rating given on Monday, April 9 by Wedbush. The firm has “Neutral” rating by Bank of America given on Tuesday, March 13.

The stock decreased 0.61% or $0.6 during the last trading session, reaching $97.28. About 1.33 million shares traded. Comerica Incorporated (NYSE:CMA) has risen 41.54% since September 8, 2017 and is uptrending. It has outperformed by 28.97% the S&P500.

Analysts await Comerica Incorporated (NYSE:CMA) to report earnings on October, 16. They expect $1.81 EPS, up 42.52 % or $0.54 from last year’s $1.27 per share. CMA’s profit will be $310.24M for 13.44 P/E if the $1.81 EPS becomes a reality. After $1.90 actual EPS reported by Comerica Incorporated for the previous quarter, Wall Street now forecasts -4.74 % negative EPS growth.

Comerica Incorporated, through its subsidiaries, provides various financial services and products. The company has market cap of $16.67 billion. The firm operates through three divisions: Business Bank, Retail Bank, and Wealth Management. It has a 18.19 P/E ratio. The Business Bank segment offers various services and products, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational firms, and governmental entities.

Another recent and important Comerica Incorporated (NYSE:CMA) news was published by which published an article titled: “Macquarie Downgrades Wells Fargo, Comerica, Sees Peak Bank Margins Ahead” on September 07, 2018.

Comerica Incorporated (NYSE:CMA) Institutional Positions Chart

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