Last Updated: 18 Sep 2024
Executive Summary
Comerica Inc. (CMA) is a financial services company with a market capitalization of $7.76 billion. The company's latest stock price is $58.52, with a trailing PE ratio of 12.98 and a forward PE ratio of 11.15. Comerica has a dividend yield of 0.0485% and a quarterly earnings growth rate of -0.259%. The company's quarterly revenue growth rate is -0.075%.
Company Overview
Comerica Incorporated is a financial services company headquartered in Dallas, Texas. The company offers a range of financial products and services, including banking, lending, investing, and wealth management. Comerica has operations in the United States, Canada, and Mexico.
Fundamental Analysis
Comerica's financial performance has been mixed in recent quarters. The company's revenue has declined slightly, while its earnings have remained relatively flat. However, Comerica's profit margin and operating margin have both improved in recent quarters. The company's return on assets and return on equity have also improved.
Comerica's balance sheet is strong. The company has a low level of debt and a high level of cash and equivalents. Comerica's capital ratios are also strong.
Technical Analysis
Comerica's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also above 50, indicating that the stock is in a bullish trend.
Short Term Outlook
Comerica's stock price is expected to continue to trend higher in the short term. The stock is currently trading at a discount to its analyst target price of $56.32. The stock's technical indicators are also bullish.
Long Term Outlook
Comerica's long-term outlook is positive. The company is well-positioned to benefit from rising interest rates. The company's strong balance sheet and capital ratios will also support its long-term growth.
Analyst Recommendations
The majority of analysts have a buy rating on Comerica's stock. The average analyst target price is $56.32.
