Economy

Analyst Research Roundup: Big Lots, Inc. (BIG), Comerica Incorporated (CMA)

Shell Asset Com reported 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA).

Among 25 analysts covering Comerica Inc (NYSE:CMA), 11 have Buy rating, 2 Sell and 12 Hold. Bluecrest Capital Management Ltd augmented its stake by buying 120,593 shares an increase of 804.0% as of 06/30/2017. AQR Capital Management LLC lifted its holdings in shares of Comerica by 140.5% during the first quarter. Aviva PLC increased its stake in Comerica by 2.1% in the second quarter.

Comerica (NYSE:CMA) last issued its quarterly earnings data on Tuesday, July 18th. Royal Bank of Canada reiterated a buy rating and set a $82.00 price target on shares of Comerica in a report on Friday, September 8th. Janus Henderson Group PLC now owns 2,064,363 shares of the financial services provider's stock valued at $151,194,000 after buying an additional 2,047,881 shares during the last quarter. Lmr Partners Llp acquired 11,073 shares as Comerica Inc (CMA)'s stock declined 5.54%. Wellington Management Group LLP raised its stake in shares of Comerica by 1.5% in the first quarter. Squarepoint Ops LLC controls 119,943 shares with a value of $8,785,000.

ILLEGAL ACTIVITY WARNING: "Lazard Asset Management LLC Reduces Stake in Comerica Incorporated (CMA)" was first reported by Equities Focus and is owned by of Equities Focus. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & worldwide trademark and copyright laws. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/09/20/comerica-incorporated-cma-upgraded-by-piper-jaffray-companies-to-overweight.html.

A number of research firms have recently commented on CMA. BidaskClub cut shares of Comerica from a "buy" rating to a "hold" rating in a report on Tuesday, July 25th. There are brokerage firms with lower targets than the average, including one setting a price target of $10. JP Morgan initiated the stock with "Overweight" rating in Tuesday, December 15 report. Keefe, Bruyette & Woods reissued a "buy" rating and issued a $78.00 price objective on shares of Comerica in a research note on Friday, June 16th. Robert W. Baird has "Hold" rating and $70.0 target. Also, insider Peter William Guilfoile sold 2,928 shares of the business's stock in a transaction on Monday, August 28th. Also, insider Judith S. Love sold 36,900 shares of Comerica stock in a transaction on Friday, January 20th. As of quarter end Ironbridge Capital Management Lp had disposed of a total of 320 shares trimming its position 0.3%. The disclosure for this sale can be found here. Insiders have sold 44,249 shares of company stock worth $3,095,383 over the last quarter. Third Avenue Management Ltd Liability Co holds 3.2% of its portfolio in Comerica Incorporated (NYSE:CMA) for 1.04 million shares. Currently, 118.62 million total shares are owned by the public and among those 115.92 million shares have been available to trade. Comerica has a 52 week low of $45.14 and a 52 week high of $75.72.

Laredo Petroleum, Inc. (LPI) pulled off a 1.71 percent gain and now trades for $12.48. The company's 50-day moving average price is $69.92 and its 200 day moving average price is $70.60. The financial services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.06 by $0.07. The company had revenue of $722 million for the quarter, compared to analyst estimates of $728.90 million. Company's return on equity, which is really just the product of the company's profit margin, asset turnover, and financial leverage ratios, is 8.20%, which is worse than the Money Center Banks industry average ROE. Analysts expect next quarter's EPS to be $1.19 with next year's EPS projected to be $5.25. Equities analysts predict that Comerica will post $4.60 earnings per share for the current year. Comerica Incorporated also recently declared a dividend that will be paid on Sunday the 1st of October 2017. Shareholders of record on Wednesday, March 15th will be issued a $0.23 dividend. This dividend represents a yeild of $1.76 which is the dividend as a percentage of the current share price. The stock of Enbridge Inc (USA) (NYSE:ENB) has "Neutral" rating given on Thursday, September 1 by Bank of America. This is a boost from Comerica's previous quarterly dividend of $0.26. Comerica's payout ratio is now 30.00%.

Comerica announced that its Board of Directors has approved a stock buyback program on Wednesday, June 28th that allows the company to buyback $605.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 4.8% of its shares through open market purchases.

Comerica Incorporated insiders have sold a net of -31,418 shares during the past three months, which implies that the company's top executives have been feeling bearish about the stock's outlook.



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