The Analyst Verdict: Comerica In The Eyes Of 12 Experts
Portfolio Pulse from Benzinga Insights
Over the past three months, 12 analysts have provided diverse ratings for Comerica (NYSE:CMA), ranging from bullish to bearish. The average 12-month price target for CMA is $56.12, with a high of $70.50 and a low of $45.00, reflecting a 14.25% increase from the previous target. Analysts from firms like Keefe, Bruyette & Woods, Raymond James, and Goldman Sachs have adjusted their ratings and price targets, responding to market dynamics and Comerica's performance. Comerica, a Dallas-based financial services company, has a lower market cap compared to industry averages and experienced a revenue decline of -9.04% as of September 30, 2023. However, it boasts a high net margin of 27.23% and an ROE of 4.99%, but a lower ROA of 0.28% and a high debt-to-equity ratio of 2.37.
January 22, 2024 | 5:00 pm
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NEUTRAL IMPACT
Comerica has received mixed analyst ratings with an updated average price target of $56.12. The company has a strong net margin and ROE but faces challenges with revenue growth and asset utilization.
The mixed analyst ratings and the recent increase in the average price target suggest a neutral short-term impact on CMA's stock price. The strong net margin and ROE are positive indicators, while the revenue decline and low ROA may raise concerns among investors. The high debt-to-equity ratio could also be perceived negatively, indicating a higher financial risk. Overall, the impact is balanced with both positive and negative factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100